Half Hollow Hills 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 Half Hollow Hills 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 Half Hollow Hills School District.

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.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

While the numbers continue to be lower than 2007, it does not necessarily mean that homes prices are on the decline.  Based on the numbers from this year, July actually was a better month than either of the first or second quarter averages.  The average days on market showed improvement, as it was comparable to 2007.

CONCLUSION: 

There is still a decent amount of inventory in the Half Hollow Hills School District, but the inventory numbers are not increasing at the rate that they once were.  Overall, the home prices were the strongest of the year during July.  Homeowners should keep in mind that there is competition out there, and those that are truly motivated to sell their homes should be sure to price their home accordingly.  Homebuyers will still find some good opportunities in the Half Hollow Hills School District, but they should also be ready to make offers if the "right" home comes along.  Properly priced homes can still sell within a matter of weeks.