Levittown 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 Levittown 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 Levittown School District.

This report is designed to give factual information about sales in the Levittown School District.  Please remember 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.

JULY 2008 HOME SALES

JULY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The numbers for the Levittown School District are down from 2007, but have held steady throughout 2008.  The July numbers are about the same as the first quarter average of this year, and slightly higher than the second quarter numbers.  Overall, the best sign for homeowners is that there were more closings during the month, and the lowest new inventory of the year.  The average days on market improved overall, and is lower than most surrounding areas, and the ratio of sales price to listing price remained strong.

CONCLUSION: 

While there is a decent amount of inventory available in the Levittown School District, homes are selling relatively quickly, largely due to the fact that homeowers are now pricing their homes for the current market conditions.  Homeowners should be mindful of the fact that there is competition on the market, and should continue to price their homes to sell.  Homebuyers looking to move into the area, particularly first-time homebuyers, must realize that properly priced homes sell fairly quickly.  Any homebuyer that is waiting for the media to declare a market "bottom" before making a purchase is likely to miss out on some great buying opportunities.

 CONTACT:  Adam Waldman, RE/MAX Best, 631-357-2036, adam@adamwaldman.com