Sales of co-op & condo both increased comparing to 2009, inventory is still over a year's supply.
Inventory as at 05/03/10:
44 units of 2-family - median asking price $769,000 (22 months supply)*
17 units of 1-family - median asking price $578,000 (12 months supply)*
62 units of condo - median asking price $404,000 (15 months supply)*
74 units of co-op - median asking price $199,000 (18 months supply)*
*Based on the closings in the first quarter 2010.
Units closed in the first quarter 2010:
6 units of 2-family - median selling price $676,500
4 units of 1 family - median selling price $565,000
12 units of condo - median selling price $392,500
12 units of co-op - median selling price $175,000
Units closed in the first quarter 2009:
6 units of 2-family - median selling price $865,000
6 units of 1-family - median selling price $460,000
1 unit of condo - median selling price $195,000
9 units of co-op - median selling price $192,000
Source: MLS of Long Island
Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area.
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