Hicksville School District Homes Market Trend Report - June 2008 - Mid-Year Recap.  This report shows a statistical comparison between the months of April, May and June 2008, in addition to a year-over-year comparison.  For the mid-year recap, the first and second quarter averages are listed as well for both 2008 and 2007.  This report provides information about homes sold in the Hicksville School District including:  location of homes, list price, sold price and days on market.

While the 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 Hicksville School District, a look at the mid-year trends will be more indicative of the current market trend.  

This report is designed to give factual information about sales in the Hicksville School District.  It should be noted that the value of individual homes cannot be determined by evaluating broad market trends.  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 Hicksville School District.

JUNE 2008 HOME SALES

JUNE 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The real estate trends for the Hicksville School District are very interesting.  By the mid-year point of 2007, there were 86 new listings and 46 closings, which kept the inventory relatively low.  In 2008, there have been 97 new listings and only 32 closings.  While the inventory is still reasonable, an rising gap between listings and closings usually puts pressure on home prices.  Although home prices are down, in comparison to 2007, it is by a fairly small margin.  The overall ratio of list price to sales price has remained constant, and the average days on market are virtually the same.

CONCLUSION: 

The June numbers were basically a microcosm of what the overall year for the trend in the Hicksville School District.  Although the numbers are down slightly from 2007, they are basically the same as the rest of 2008.

Home sellers should take note of the fact that more homes are coming on the market, and less homes are closing.  The homes that close will be the ones that are properly priced for today's market conditions.

Homebuyers should look at this as an opportunity to get into the Hicksville School District.  Prices have come down from last year, and flattened a bit.  There may be a temptation to see what happens with the market, but waiting it out can end up being a costly decision, especially in light of the latest issues in the mortgage industry.  Even if home prices remained flat, any uptick in interest rates would have an impact on a homebuyer's buying power.