Half Hollow Hills 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 Half Hollow Hills 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 Half Hollow Hills 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 Half Hollow Hills School District.  As is the case with many school districts on Long Island, the Half Hollow Hills School District has a very broad spectrum of home prices (starter, mid-level, luxury), and 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 Half Hollow Hills School District.

JUNE 2008 HOME SALES

JUNE 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The numbers for June were improved in comparison to the rest of the year averages.  The fewest new listings came out, while the most closings occurred.  While inventory is still rising, it is doing so at a slower pace.  The average list price and sales price was higher in June, and there was a marked improvement in the average days on market.  In comparison to June of 2007, the numbers were virtually the same. 

CONCLUSION: 

While the numbers for June were very solid, it remains to be seen if the trend in the area is on the rise.  The year-over-year numbers show that there was a decline in the market for the first half of the year from 2007 to 2008.  More homes came on the market, and fewer closings took place, although not by a large margin.

Home sellers should keep in mind that, while the numbers have improved for June, that inventory in the area is still on the rise.  The homes that are selling are the ones that are properly priced and offer value to today's selective homebuyer.

Homebuyers looking to purchase a home in the Half Hollow Hills School District should be aware that the market trends for June showed improvement, and it is possible that home prices can continue to rise.  When you factor in the opportunities that exist in today's mortgage market that might not exist in the near future, you will realize that it is a great time to be looking to purchase a home in the Half Hollow Hills School District.