Inventory as at 9/30/09:
16 units of 2 family - median asking price $760,000 (21 months supply)*
25 units of 1 family - median asking price $549,000 (6 months supply)*
21 units of condo - median asking price $299,000 (14 months supply)*
151 units of co-op - median asking price $189,000 (24 months supply)*
*Based on the closings in the first 8 months in 2009
Units closed in the 8 months period from 1/1/09 to 8/31/09:
6 units of 2 family - median selling price $519,000 (volume increased by 50% year over year)
31 units of 1 family - median selling price $485,000 (volume decreased by 26% year over year)
12 units of condo - median selling price $311,500 (volume decreased by 14% year over year)
49 units of co-op - median selling price $160,000 (volume decreased by 39% year over year)
Units closed in the 8 months period from 1/1/08 to 8/31/08:
4 units of 2 Family - median selling price $630,000
42 units of 1 Family - median selling price $500,000
14 units of condo - median selling price $285,000
81 units of co-op - median selling price $174,000
Source: MLS of Long Island
Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area
