Levittown School District Homes ~ Market Trends Report ~ May 2008

Levittown School District Homes Market Trend Report - May 2008.  This report shows a statisical comparison between the first quarter averages and the months of April and May for 2008, in addition to a year-over-year comparison.  This report provides 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.

MAY 2008 HOME SALES

MAY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The inventory numbers showed improvement over the first quarter averages and the month of April, and were comparable to May of 2007.  The home prices were down slightly, but the ratio between sold price and list price showed improvement. 

CONCLUSION:

There were a few closings that helped bring the average price down.  One of the closings was only for $200,000, which is far below the average.  These low price closings have a big impact on a sample size this small. 

Overall, there is still plenty of inventory, and home sellers will need to be competitively priced if they are truly motivated to sell their home.  Homebuyers, particularly first-time homebuyers, are likely to find opportunities in the Levittown School District that haven't been there in the past few years.