Hauppauge 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 Hauppauge 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 Hauppauge School District.

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

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The trends continue to fluctuate in the Hauppauge School District mainly due to the timing of sales.  In the months where more high-end homes are sold, the numbers are higher and vice versa for entry level homes.  Perhaps the most interesting trend is the fact that selling prices and listing prices were very close to each other, indicating that the homes that properly priced are selling for very close to asking price.

CONCLUSION: 

The 2008 numbers have been much more volatile than the 2007 numbers, which remained relatively flat for several months at a time.  Homeowners should continue to price their homes to sell in what is still considered a buyer's market.  Homebuyers are finding opportunities to purchase starter homes in the high $300k - low $400k range.  This has not been the case in the recent past, and there telling how long this opportunity will last.  Since the taxes in the area are lower than surrounding areas, it is an excellent time to be looking for a home in the Hauppauge School District.