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Elliman Report: Long Island Sales 2Q 2018

Despite the robust metrics of the overall Long Island housing market this quarter, there was more weakness evident in the luxury market, representing the top 10% of all sales. In the overall housing market, sales edged up 1.1% to 6,763, the highest total for a second quarter in thirteen years. Listing inventory fell 13.8% to 11,544 to the lowest second-quarter supply total in fifteen years. With the pronounced decline in listing inventory and a modest rise in sales, the…

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