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Elliman Report: Long Island Sales 3Q 2018

After rising for three consecutive years, Long Island sales declined year over year in two of the first three quarters of 2018 in this period of market transition. The number of sales declined 2.6% to 8,304 from the same period last year. The year over year rate of sales growth had been steadily declining over the past two years and was pushed to the negative in 2018 with the rise in mortgage rates and uncertainty…

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