Syosset District Homes Market Trend Report - July 2008. This report shows a statistical comparison between the month of July 2008 and the first and second quarter averages for the year, in addition to a year-over-year comparison. This report provides information about homes sold in the Syosset School District including: location of homes, list price, sold price and days on market.
These monthly reports provide a relatively small sampling of homes, which often times results in extreme fluctuations that may or may not be indicative of the market trend for the Syosset School District.
This report is designed to give factual information about sales in the Syosset School District. As is the case with many school districts on Long Island, the Syosset School District has a very broad spectrum of home prices (starter, mid-level, luxury), and the value of individual homes cannot be determined by evaluating broad market trends. If you are interested in finding out the market value for your particular home, you should consider having an actual market analysis done.
These reports are done by school district rather than town because school districts play a very important role in home prices on Long Island.
Below the actual data you will find an analysis of the real estate trends for homes in the Syosset School District.
JULY 2008 HOME SALES
JULY 2007 HOME SALES
YEAR-OVER-YEAR COMPARISONS
MARKET TREND ANALYSIS:
Mixed results for July for Syosset School District homes. The average list and sales price was higher than the first quarter average, but lower than the second quarter average. The inventory increased for the month, but the average days on market showed a lot of strength.
CONCLUSION:
Fewer luxury home sales contributed to the lower numbers for the month in comparison to the 2nd quarter average and July of 2007. A rise in inventory is likely to keep pressure on home prices. As is the case with other markets on Long Island that have a wide range of home prices, the Syosset School District is susceptible to wide fluctuations from month to month. Homeowners should keep an eye on inventory and price their homes accordingly.
CONTACT: Adam Waldman, RE/MAX Best, 631-357-2036, adam@adamwaldman.com
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