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[Sales Surge] 3Q 2009 Long Island Market Overview Available For Download

[1]

The 3Q 2009 Long Island Market Overview [1] that I author for Prudential Douglas Elliman [2] was released today.

Other reports we prepare can be found here. [3]

Charts [4] with the 3Q 2009 are available online.

An excerpt

…There were 5,603 sales in the third quarter, 41.6% higher than the 3,956 sales of the second quarter and 5.9% higher than the same period last year. This was the first time in the past year the number of sales increased over the prior year quarter and only the second time since the beginning of 2007. The increase in the number of sales resulted in a decline in listing inventory. There were 22,170 listings, 5.6% below the 24,485 listings in the prior quarter and 10.1% below the 24,672 listings in the same period last year. The increase in the number of sales and the corresponding decline in listing inventory played a role in the stabilization of the price indicators over the summer…

Download 3Q 2009 Long Island Market Overview [1]