…The lack of supply and rise of contract activity
continued to define the Long Island housing
market. Listing inventory fell to the lowest first
quarter level seen in a decade as pending sales
continued to rise. Despite the tightening of the
market, overall price indicators remained mixed.
The number of listings in inventory at the end
of the first quarter fell 24.8% to 15,303 as
compared to the same period last year, a ten
year first quarter low…