The following is the March 2008 Home Trends Market Report for the Levittown School District.  This report shows month-by-month comparisons, in addition to year-over-year market trends.  Since this report comes at the end of the first quarter of the year, there is also a comparison of the year-over-year quarterly market trends.  This report provides statistical information about homes sold in the Levittown School District including:  location of homes, list price, sold price and days on market.

It is important to note that monthly reports provide a relatively small sampling of homes which often times results in extreme fluctuations that may or may not be indicative of the market trend for the Levittown School District.  The quarterly market trend has more data, and as such, gives a more accurate look at the current market trend.  However, it should be noted that the market data is still relatively small and subject to extreme fluctuations based on sales that are atypical of the rest of the sales in the Levittown School District. 

This report is designed to give factual information about sales in the Levittown School District.  If you are interested in finding out the market value for your particular home, you should consider having an actual market analysis done. 

These reports are done by school district rather than town because school districts play a very important role in home prices on Long Island.   

Below the actual data you will find an analysis of the real estate trends for homes in the Levittown School District.

MARCH 2008 HOME SALES

MARCH 2007 HOME SALES

MONTH-BY-MONTH & FIRST QUARTER YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

Inventory is on the rise in the Levittown School District, although it hasn't made a noticeable impact on housing prices.  Home prices are down from February, but slightly higher than January.  Home prices are down for the first quarter of 2008 compared to 2007, but by a very minimal amount.  Rising inventory would usually indicate dropping prices, but not in this case.  The most logical explanation for this is that there are homeowners that are pricing to sell, and those are the homes that are selling, while overpriced homes are languishing on the market.  The ratio of sales price to list price is consistent, and the days on market is only up slightly.

CONCLUSION:

Homeowners that want to sell their homes in the Levittown School District need to realize that there is a lot of competition out there, and pricing properly is the key to success.  In addition, the homes that are in the best showing condition are the ones that get the best offers.  This is true of all areas, but particularly in an area with inventory on the rise.  Homebuyers will have a large number of homes to choose from, and should be able to find a home that best fits their needs.  First-time homebuyers will likely gravitate towards the area, as there are some homes selling for under $300,000.