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Elliman Report: Long Island Sales 2Q 2013

…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…

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