…Although the pace of the Long Island market
has been accelerating with more sales and less
supply, prices continue to see only modest gains
from the prior year levels. There were 16,300
listings in total inventory at the end of the second
quarter, 17.5% less than in the same period
last year. However, new inventory added to the
market expanded by 8.7% to 12,292 over the
same period, possibly providing some relief to
homebuyers in the coming quarters…