I am starting a monthly article about the Deer Park, New York area, featuring the real estate market. I will be posting it monthly and each month will feature an update on the housing market in Deer Park, New York.
According to the Multiple Listing Service of Long Island as of July 8, 2008:
1. 215 = The amount of homes available for sale in Deer Park (11729)
2. 14 = The amount of Closings for the month of June, 2008 in Deer Park.
3. 15.3 = The amount of months of inventory there is in Deer Park - this is also referred to the "absorption rate" which indicates the saturation of inventory in a given area. The absorption rate simply implies that if in the hamlet of Deer Park, if no other homes came on the market for sale, it would take 15 months to sell off the entire inventory of homes currently available.
Click Here To Read The Rest Of Deer Park Real Estate: Market Update
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