…The first quarter Long Island housing market
was characterized by low inventory, rising
sales, a faster pace and rising prices. The
extreme weather conditions held back signed
contract volume during the quarter expecting
to push additional sales into the spring market.
The number of sales increased 4.3% to 4,071
marking the highest first quarter total since 2007.
Inventory fell 1.3% to 15,098, the lowest first
quarter total since 2004…