Commack School District Homes Market Trend Report - July 2008.  This report shows a statistical comparison between the month of July 2008 and the first and second quarter averages for the year, in addition to a year-over-year comparison.  This report provides information about homes sold in the Commack School District including:  location of homes, list price, sold price and days on market.

These 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 Commack School District.

This report is designed to give factual information about sales in the Commack School District.  As is the case with many school districts on Long Island, the Commack 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 Commack School District.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

In comparison to the first and second quarter averages of this year, and July of 2007, the home prices have declined.  This is only one month, and this does not necessarily indicate that home prices are in a downward trend.  Based on the statistics from the first two quarters of the year, home prices have basically flattened out.

CONCLUSION: 

Opportunities exist in the Commack School District for the first-time homebuyer, as evidenced by fact that five homes closed for under $400K this month.  However, the overall numbers are likely skewed downwards because of the fact that there were no high-end home sales in July.  The inventory numbers are tightening, and the ratio of sold price to list price is on the rise.  This would seem to indicate that homeowners are pricing their homes more competitively, and fewer homeowners are pricing their homes to "test" the market.  Homebuyers should take into consideration the fact that homes are priced more competitively, and that inventory is not as high as it once was.