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Elliman Report: Long Island Sales 3Q 2015

Housing price trend indicators and sales activity on Long Island moved higher as inventory slipped. There were 7,658 sales, up 13.4% from the prior year quarter and the highest quarterly total in more than 12 years. Pending sales, signed contracts that have not yet closed, jumped 20.5% to 6,699 and listing inventory slipped 2.8% to 16,056 respectively from the prior year quarter. As a result of rising sales and falling inventory, the pace of the market was faster…

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