suffolk: Activities slowed down in September 2011
- 10/16/11 04:26 AM
Activities slowed down in September, pushing the Inventory Supply to over 17 months in Queens. Price didn't change much comparing to last year. ....................... Inventory .............*............... Units in contract ...................*....... Months Supply(note 1) .............. Sep 2011 .... Sep 2010 ...*... Sep 2011... Aug 2011 ... Sep 2010 Queens ....... 9895 ........ 10320 ........*...... 571 ........... 722 .............. 662 ........*........ 17.3 (13.9 in Aug 11) Nassau ....... 9826 .......... 9891 ........*...... 698 ........... 865 .............. 699 ........*........ 14.1 (11.8 in Aug 11) Suffolk ..... 13029 ........ 13452 .........*...... 801 ........... 921 .............. 849 ........*........ 16.3 (14.6 in Aug 11)
..................... Units closed .................................................. Median Price on closed properties ................ Sep 2011... Aug 2011 ... Sep 2010...................... Sep 2011... … (1 comments)
suffolk: Price moving upward but inventory increasing.
- 12/09/09 04:27 AM
Although the inventory is less than last year and the units in contract is more than last year, but the supply (Inventory over Units going into contract in Nov) jumped on month to month. Prices is slightly higher than last year. ....................... Inventory ..............*........... Units in contract ...................*....... Months Supply(note 1) ................. Nov 09 ....... Nov 08 ......*..... Nov 09 ..... Oct 09 ..... Nov 08 Queens ...... 9352 ........ 11238 .......*...... 640 ......... 838 ......... 437 .......*........ 14.6 (11.5 in Oct) Nassau ...... 8707 .......... 9711 ........*..... 782 ........ 1068 ......... 576 .......*........ 11.1 (8.5 in Oct) Suffolk ..... 12067 ....... 13656 ........*..... 802 ........ 1155 ......... 658 ........*....... 15.0 (10.8 in … (1 comments)
suffolk: Sales volume and prices were stable
- 11/16/09 07:28 PM
Units under contract in the three counties were about the same as September, but were a big improvement from last year. Price drop was slowed down. The first-time home buyer credit is working. ....................... Inventory ..............*........... Units in contract ...................*....... Months Supply(1) ................. Oct 09 ....... Oct 08 ......*..... Oct 09 ..... Sept 09 ..... Oct 08 Queens ...... 9624 ........ 11303 .......*...... 838 ......... 864 .......... 572 .......*........ 11.5 Nassau ...... 9109 ......... 9929 ........*..... 1068 ........ 1005 ......... 689 .......*........ 8.5 Suffolk ..... 12510 ....... 13989 ........*.... 1155 ........ 1112 ......... 828 ........*....... 10.8 ..................... Units closed ............................ Median Price on closed properties ................ Oct 09 .... Sept 08 .... Oct … (1 comments)
suffolk: Median Prices still falling
- 10/10/09 06:02 AM
The units in contract was improving comparing to last month and last year. But the median price was still falling in Queens, Nassau & Suffolk. ....................... Inventory ............*........... Units in contract ......................*....... Months Supply(1) ................. Sept 09 ...... Sept 08 ......*..... Sept 09 ..... Aug 09 ..... Sept 08 Queens ...... 9800 ........ 11377 ........*...... 864 ......... 758 .......... 690 .......*........ 11.3 Nassau ....... 9516 ........ 10259 ........*..... 1005 ........ 952 ......... 828 .......*........ 9.5 Suffolk ..... 12822 ........ 14413 ........*.... 1112 ........ 1090 ......... 912 .......*....... 11.5 Median Price on closed properties: ................ Sept 2009 .... Sept 2008 Queens .... $341,500 ... $400,000 (-14.63%) Nassau ..... $405,000 ... $446,000 (-9.19%) Suffolk ..... … (1 comments)
suffolk: Insider Information
- 09/10/09 01:42 AM
Many people hope they would have Insider Information so they can make money in stock. Although some information is limted to certain people, but you many get some insight by observation, no matter of your position or not even working. A cashier will know whether the business is good, an inventory clerk will know whether the inventory is moving, a housewife can see whether there are more or less people in supermarket. These all are information that we can use to make money. If you see no traffic on the Long Island Expressway on a regular day, it may indicate trouble - people … (1 comments)
suffolk: Seasonal down trend began
- 09/09/09 04:55 PM
Bad news is there was less units sold in August than July, but the good news is the sales was better than last year. Inventory built up a little bit. Median price on closed sales was still dropping . The sales in the past few months might be boosted by the First Time Home Buyer Credit. Some buyers might be lured to buy sooner. I am afriad the demand may be decelerated in the coming months. While the stock market bounced almost 50% since March, I think it is time to be fearful when others are greedy. ....................... Inventory ............*........... Units in contract … (1 comments)
suffolk: Housing market slowed down
- 08/13/09 06:34 AM
There were less inventory than last year. Units in contract is more than last year, but sales began losing momentum after trending up for few months. It is still hard to tell whether the real estate market hit bottom yet. I won't say unitl this coming season's bottom (around Jan/Feb 2010) is higher than last (Feb 2009). ....................... Inventory ............*........... Units in contract ................*....... Months Supply ................. Jul 09 ...... Jul 08 ......*..... Jul 09 ..... Jun 09 ..... Jul 08 Queens ..... 10044 ...... 11510 .......*..... 827 ......... 957 .......... 765 ......*........ 12.1 Nassau ..... 10117 ...... 10877 .......*.... 1058 ........ 1081 ......... 963 ......*......... 9.6 Suffolk ..... 13097 ...... 15186 .......*.... 1144 ........ 1229 ......... 964 .......*....... 11.4 … (1 comments)
suffolk: Too early to tell the recession is over
- 07/29/09 02:49 AM
This chart above show the activity from Jun 07 to Jun 09 for the Long Island area including Queens, Nassau & Suffolk. The real estate sale picked up for 4 consecutive months since it hit a low in Feb. I feel it is just the seasonal cycle; usually sale picked up in about Mar to Aug, then lagged through Sept to Feb. The stock market went up since March too. I am afraid if the real estate sale figure will decrease for few consecutive months later this year (which is normal for yearly cycle), it will shift the sentiment in this fragile market and draped down the … (0 comments)
suffolk: June House Sale Volume increased sharply
- 07/09/09 10:37 PM
Median Price in Queens and Suffolk were still declining in double digits, but Nassau improved comparing to June last year. Median Price on closed properties: ................ June 2009 .... June 2008 Queens ... $360,000 ... $406,500 (-11.44%) Nassau .... $415,000 ... $452,000 (-8.19%) Suffolk .... $330,000 ... $383,000 (-13.84%) There were less inventory than last year. Supply dropped to below 12 first time for over a year. ....................... Inventory ............*........... Units in contract ................*....... Months Supply ................. Jun 09 ..... Jun 08 ......*... Jun 09 ..... May 09 ..... Jun 08 Queens ...... 9922 ...... 11697 .......*..... 957 ......... 772 .......... 752 ......*........ 10.4 Nassau ..... 10105 ...... 11067 .......*.... 1081 ........ 888 .......... 889 ......*......... 9.3 Suffolk … (0 comments)
suffolk: Sales volume increased in Queens County
- 06/13/09 06:31 PM
Median Price was still declining from last year. Median Price on closed properties: ................ May 2009 .... May 2008 Queens ... $365,000 ... $407,500 (-10.43%) Nassau ... $396,000 ... $438,500 (-9.69%) Suffolk ... $334,500 ... $360,000 (-7.08%) There was less inventory than last year, but it might only indicate more sellers realized the realistic price and not motivated to sell, if not necessary. ....................... Inventory ...................... Units in contract ................ Months Supply ................. May 09 ..... May 08 ........ May 09 .... Apr 09 ...... May 08 Queens ..... 10285 ..... 11602 ........... 772 ........ 738 .......... 761 ............. 13.3 Nassau ..... 10298 ..... 10808 ........... 888 ........ 859 .......... 931 ............. … (0 comments)
suffolk: Sales volume increased while median price dropped in double digits
- 05/24/09 08:06 AM
Median Price declined in double digits in Queens. Nassau & Suffolk. Median Price on closed properties: ................ Apr 2009 .... Apr 2008 Queens ... $354,000 ... $439,900 (-19.53%) Nassau ... $380,000 ... $447,000 (-14.99%) Suffolk ... $315,000 ... $370,000 (-14.86%) Units under contract improved year over year: ....................... Inventory ...................... Units in contract ................ Months Supply ................. Apr 09 ..... Apr 08 ........ Apr 09 .... Mar 09 ...... Apr 08 Queens ..... 10312 ..... 11495 ........... 738 ........ 667 .......... 708 ............. 14.0 Nassau ..... 10323 ..... 10486 ........... 859 ........ 792 .......... 790 ............. 12.0 Suffolk ..... 13074 .... … (0 comments)
suffolk: March figures show stability
- 04/09/09 05:02 PM
Median Price Drop accelerated in Queens. Nassau & Suffolk slowed down. Median Price on closed properties: ................ Mar 2009 .... Mar 2008 Queens ... $355,000 ... $420,000 (-15.48%) Nassau ... $405,500 ... $445,000 (-8.88%) Suffolk ... $319,800 ... $365,000 (-12.38%) Units under contract in Queens increased 20% more than Feb 2009: ....................... Inventory ...................... Units in contract ................ Months Supply ................. Mar 09 ..... Mar 08 ........ Mar 09 .... Feb 09 ...... Mar 08 Queens ..... 10421 ..... 11206 ........... 667 ........ 555 .......... 667 ............. 15.6 Nassau ....... 9843 ....... 9862 ........... 792 ........ 614 .......... 831 ............. 12.4 … (0 comments)
suffolk: Median Prices still moving downward
- 03/15/09 01:43 AM
Median Prices in Queens, Nassau & Sufflk on closed properties was dropped more than 12% in Feb comparing to last year: ................ Feb 2009 .... Feb 2008 Queens ... $372,000 ... $425,000 (-12.47%) Nassau ... $400,000 ... $458,800 (-12.82%) Suffolk ... $309,500 ... $359,500 (-13.91%) Sales improved. There is more units in contract than Jan 09: ....................... Inventory ...................... Units in contract ............. Months Supply .................. Feb 09 ..... Feb 08 ........ Feb 09 .... Jan 09 ...... Feb 08 Queens ..... 10408 ..... 10809 .......... 555 ........ 519 .......... 565 ............. 18.8 Nassau ....... 9471 ....... 9307 ........... 614 ........ 534 … (0 comments)
suffolk: Median Prices Declined. Over 17 Months' Supply
- 02/10/09 04:04 AM
Median Prices in Queens on closed properties was dropped more than 20% comparing to last year: ................ Jan 2009 .... Jan 2008 Queens ... $343,800 ... $438,000 (-21.51%) Nassau ... $385,000 ... $440,000 (-12.50%) Suffolk ... $320,000 ... $373,500 (-14.32%) Inventory is still in high level compare to Units under contract: ..................... Inventory ...................... Units in contract ............. Months Supply .................. 01/09 ..... 01/08 ........ 01/09 .... 12/08 ...... 01/08 Queens ..... 10286 ..... 10838 .......... 519 ........ 497 .......... 519 ............. 19.8 Nassau ....... 9151 ....... 9136 .......... 534 ........ 554 ......... 585 ............. 17.15 Suffolk ..... 12670 ..... 13479 … (0 comments)
suffolk: December data showed stability
- 01/11/09 08:53 AM
Median Prices in Queens & Nassau were dropped in double digits comparing to last year, but Suffolk remain the same: ................ Dec 2008 .... Dec 2007 Queens ... $383,000 ... $441,000 (-13.15%) Nassau ... $370,000 ... $447,500 (-17.32%) Suffolk ... $385,000 ... $385,000 (no change) There are less inventory in total. Transactions in Queens increased comparing to Dec 07 and Nov 08: ..................... Inventory ...................... Units in contract ............. Months Supply ................ 12/08 ..... 12/07 ........ 12/08 .... 11/08 ...... 12/07 Queens ..... 9822 ..... 10053 .......... 497 ........ 437 ......... 455 ............. 19.8 Nassau ..... 8592 ....... 8376 .......... 554 … (0 comments)
suffolk: Price drop in Queens is not that serious as Nassau & Suffolk
- 12/20/08 10:29 AM
Median Prices in all Long Island Area are going down further comparing to last year: ................ Nov 2008 .... Nov 2007 Queens ... $390,000 ... $417,800 (-6.65%) Nassau ... $410,000 ... $461,500 (-11.16%) Suffolk ... $335,000 ... $387,300 (-13.50%) There are less inventory, but transactions are less comparing to last year & last month: ..................... Inventory ...................... Units in contract ............. Months Supply ................ 11/08 ..... 11/07 ........ 11/08 .... 10/08 ...... 11/07 Queens .... 11238 ..... 11619 .......... 437 ........ 572 ......... 568 ............. 25.7 Nassau ....... 9711 ...... 9856 .......... 576 ........ 689 ......... 702 ............. 16.9 Suffolk .... … (0 comments)
suffolk: Median price dropped 14.2% in Oct 08
- 11/12/08 02:11 PM
Median Price in Queens on closed properties in October 2008 dropped 14.2% comparing to October last year. Inventory level is slightly less than last October. .... Oct 2008 .... Oct 2007 Queens ... $385,000 ... $448,500 (-14.2%) Nassau ... $425,000 ... $474,000 (-10.3%) Suffolk ... $345,000 ... $385,000 (-10.4%) ..................... Inventory ...................... Units in contract .................. Months Supply ................ 10/08 ..... 10/07 ........ 10/08 .... 09/08 ...... 10/07 Queens .... 11303 ..... 11553 .......... 572 ........ 690 ......... 697 ............. 19.8 Nassau .... 9929 ..... 10036 .......... 689 ........ 828 ......... 791 ............. 14.4 Suffolk .... 13989 ..... 14621 .......... … (0 comments)
suffolk: Queens Inventory built up in August
- 09/13/08 02:23 AM
Median Price in Queens on closed properties in August 2008 slightly higher than August last year. But inventory in Queens is 30% more than last August. ................... 2008 .......... 2007 Queens ... $410,000 ... $399,900 Nassau ... $477,500 ... $485,000 Suffolk ... $370,000 ... $389,000 ................ Inventory ............... Units in contract ....................... Months Supply ................ 08/08 .... 08/07 ........ 08/08 .... 07/08 ...... 08/07 Queens .... 14390 .... 11035 ......... 676 ....... 765 ......... 691 ............. 21.3 Nassau .... 10435 .... 10294 ........ 829 ....... 963 ......... 952 .............12.6 Suffolk .... 14650 .... 14980 ........ 935 ........ 964 ........ 1015 ............ 15.7 Source: … (0 comments)
suffolk: July Sales slightly up in Queens & Nassau
- 08/25/08 03:37 PM
Median Price on closed properties dropped comparing to July last year. ................... 2008 .......... 2007 Queens ... $399,900 ... $472,000 Nassau ... $458,500 ... $495,000 Suffolk ... $389,000 ... $405,000 ................ Inventory ............... Units in contract ....................... Months Supply ................ 07/08 .... 07/07 ........ 07/08 .... 06/08 ...... 07/07 Queens .... 11510 .... 10774 ........ 765 ...... 752 .......... 772 ............. 15 Nassau .... 10877 .... 10415 ......... 963 ...... 889 ......... 1012 ............ 11.3 Suffolk .... 15186 .... 14996 ......... 964 ...... 1041 ....... 1167 ............ 15.8 Source: Long Island Board of Realtors … (1 comments)
suffolk: More inventory, less units in contract in June 2008
- 07/24/08 03:45 PM
The trend was still going down in Queens County, Nassau County and Suffolk County in Long Island Area, comparing to June 2007. Inventory was up, ............ Inventory ............... Units in contract ....................... Months Supply ............. 06/08 ..... 06/07 ....... 06/08....05/08......06/07 Queens .... 11697 .... 10851 ...... 752 ..... 761 ....... 799 ........... 15.6 Nassau .... 11067 .... 10574 ...... 889 ..... 931 ....... 1083 ........... 12.4 Suffolk .... 15332 .... 15182 ...... 1041 .... 987 ....... 1120 ........... 14.7 Source: Long Island Board of Realtors … (0 comments)
Activities slowed down in September, pushing the Inventory Supply to over 17 months in Queens.
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