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Elliman Report: Long Island Sales 1Q 2020

Final two weeks of March 2020 • The first quarter of 2020 showed a fourth straight year over year increase in sales. However, that pattern was not reflective of the recent change in market conditions that began in early March and has been measured in terms of days. Awareness of the global pandemic known as COVID-19 cooled conditions with two significant rate cuts by the Federal Reserve and the statewide shutdown of non…

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