Housing price is still falling

By
Real Estate Agent with EMC Long Island Realty

There were more units under contracts in Dec 09 than Dec 08, but slowed down from Nov 09.

Median price was still in a down trend.

..................... Inventory ..............*........... Units in contract ...................*....... Months Supply(based on contracts in Dec 09)

 ................ Dec 09 ....... Dec 08 ......*..... Dec 09 ..... Nov 09 ..... Dec 08

Queens ...... 9079 ......... 9822 .......*...... 597 ........ 640 ......... 497 .......*........ 15.2 

Nassau ....... 8028 ......... 8592 .......*...... 707 ........ 782 ........ 554 ........*........ 11.4

Suffolk ..... 11372 ....... 12138 .......*...... 768 ........ 802 ......... 661 ........*....... 14.8

 ..................... Units closed ............................... Median Price on closed properties

................ Dec 09 ......... Dec 08 ..... Nov 09 ....... Dec 09 ........ Dec 08 ........ Nov 09

Queens ....... 820 ........... 537 ........ 659 ........ $335,000 .... $390,000 .... $348,000

Nassau ........ 852 ........... 697 ........ 921 ........ $400,000 .... $410,000 .... $407,000

Suffolk ...... 1036 .......... 730 ......... 978 ........ $325,000 .... $350,000 .... $330,000

Source: Long Island Board of Realtors

Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area

Posted by

Selling your property?

Text Kin 917-923-8838

Email: Kin@KinRealEstate.com

 

 

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