Activities slowed down in September 2011

By
Real Estate Agent with EMC Long Island Realty

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... Aug 2011 ... Sep 2010

Queens ........ 565 ........... 603 ............. 587 ........................... $345,000 .... $357,200 .... $350,000

Nassau ........ 840 ........... 895 ............. 749 ........................... $410,000 .... $420,000 .... $410,000

Suffolk ........ 787 ........... 984 ............. 772 ........................... $318,000 .... $324,200 .... $334,800

Note: (1) Based on contracts in Sep 2011

Source: Long Island Board of Realtors

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

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Email: Kin@KinRealEstate.com

 

 

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Topic:
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New York Queens County
Tags:
broker
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suffolk
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kin tsui

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Rainer
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Pamela Lauridsen-Bache
Century 21 Beachside, Mission Viejo Ca - Laguna Niguel, CA

I am in Orange County California and it also slowed down here. It will get busy again...

Pamela Lauridsen Bache

Oct 16, 2011 05:36 AM #1
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