Levittown 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 Levittown 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 Levittown 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 Levittown 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 Levittown School District.

JUNE 2008 HOME SALES

JUNE 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The June numbers came in higher than the rest of 2008, and in-line with the overall market trend for 2007 for the first half of the year, although there were some negative factors.  First of all, inventory grew in comparison to 2008, June of 2007 and the first half averages of 2007.  The most significant numbers was the average days on market, which showed a notable increase. 

CONCLUSION: 

The rise in average home price and average sales price for the month of June is a positive sign, and it bears watching to see if this upward trend will continue when you factor in the rising inventory.

Home sellers must take into account that the inventory numbers are not in their favor.  In the first half of the year, there were 390 new listings and only 126 closings.  By way of comparison, the first half of 2007 had only 306 new listings and 159 closings.  Homes are selling, but only the ones that are pricing for the current market conditions.  As the inventory rises, homeowners will have even more competition for the buyers looking in the area.

Homebuyers looking to move into the area are in a good position to find a home that fits their needs at a price that they can afford.  This is one of the areas that first-time homebuyers gravitate towards, and it is understandable why they do.  While the June prices rose, there are still opportunities for homebuyers looking in the area.  However, it is important to note that the mortgage industry is going through some drastic changes, and the loans that are available today might not be available tomorrow, especially at these historically low levels.

It is a great time be buying in the Levittown School District!