Median Prices still falling

By
Real Estate Agent with EMC Long Island Realty

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 ..... $338,000 ... $360,000 (-6.11%)

Note: (1) Based on contracts in Sept 09

Source: Long Island Board of Realtors

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Rainmaker
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Associate Broker Falmouth MA Cape Cod Heath Coker
http://www.CapeGroup.com & http://www.REindex.com - Falmouth, MA
Heath Coker Robert Paul Properties Falmouth MA

Median price may be an indicator of the large market, but here, different price points are solid.

Oct 10, 2009 06:06 AM #1
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Rainmaker
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Kin Tsui

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