Multiple Listing Service Long Island CEO, has good news reporting for the Real Estate Market Update for July 2012.
"The Nassau, Suffolk, Queens housing market continues to show positive signs for buyers and sellers. For the ninth consecutive month, contracted sales have exceeded the prior year indicating an improving level of consumer confidence. Pricing continues to edge upward in the past four months, with relatively stable inventory levels reported in recent months. We would look at the overall market as cautiously progressive."
The July 2012 closed median home price on Long Island, which includes Nassau, Suffolk, and Queens, was $370,000 representing a 2.8% increased in the closed median home price reported the year prior. This is the highest reported closed median home price for Long Island since August 2010 when the median home price was $375,000.
In July, Nassau County reported a closed median home price of $407,000 representing a 1.7% decrease from the prior year.
However, Suffolk County reported a closed median home price of $325,000 compared to $315,000 reported in July 2011.
When looking for a home or condo to buy or sell on Long Island, please contact Lawrence & Sheila Agranoff at our Cell: 631-805-4400.
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compiled from MLSLI.com
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