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3Q 2008 Long Island Market Overview Available For Download

The 3Q 2008 Long Island Market Overview [pdf] [1] that I author for Prudential Douglas Elliman [PDE] [2] is available for download. Due to demand, I expanded the Long Island/Queens Market Overview into two separate reports [3].

To review the report methodology [4].

An excerpt

…The median sales price for the fifth consecutive quarter has fallen from the prior year quarter and seven of the last eight quarters. The Median sales price at $415,000 was down 6.2% from $442,380 in the same period last year. Median sales price is off 7.8% from its peak two years ago during the same period when it was $445,521. Average sales price saw a similar pattern suggesting that the price decline was not due to a skew in the mix of what sold over the quarter. The average sales price was $508,936 this quarter, down 7.3% from the prior year quarter result of $548,883…

Download report: 3Q 2008 Long Island Market Overview [pdf] [5]