Five Towns, Long Island, NY Real Estate Market Statistics - February 2010

By
Real Estate Agent with Allen Tate Company

Five Towns, Long Island, NY Real Estate Market Statistics
Cedarhurst | Woodmere | Hewlett | Lawrence | Inwood
February 2010

New Listings

Total

70

Average List Price

$732,113

Median List Price

$642,000

Sold Listings

Average Days on Market (DOM)

189

   

Average List Price

$398,270

Average Sold Price

$373,088

   

% Selling Price/Listing Price

94%

Current Active Listings as of March 1, 2010

Total homes on the market

394

Average List Price

$816,379

   

Median List Price

$629,000

One of the reasons it is taking longer to sell some homes in the Five Towns is because there is a high inventory of luxury homes on the market and most buyers are looking for the lower end homes right now.

To reduce the time your home is on the market, price it where comparables have sold versus where comparables have been sitting on the market, this will greatly reduce the amount time on the market. 

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