There were more units under contracts in Dec 09 than Dec 08, but slowed down from Nov 09.
Median price was still in a down trend.
..................... Inventory ..............*........... Units in contract ...................*....... Months Supply(based on contracts in Dec 09)
................ Dec 09 ....... Dec 08 ......*..... Dec 09 ..... Nov 09 ..... Dec 08
Queens ...... 9079 ......... 9822 .......*...... 597 ........ 640 ......... 497 .......*........ 15.2
Nassau ....... 8028 ......... 8592 .......*...... 707 ........ 782 ........ 554 ........*........ 11.4
Suffolk ..... 11372 ....... 12138 .......*...... 768 ........ 802 ......... 661 ........*....... 14.8
..................... Units closed ............................... Median Price on closed properties
................ Dec 09 ......... Dec 08 ..... Nov 09 ....... Dec 09 ........ Dec 08 ........ Nov 09
Queens ....... 820 ........... 537 ........ 659 ........ $335,000 .... $390,000 .... $348,000
Nassau ........ 852 ........... 697 ........ 921 ........ $400,000 .... $410,000 .... $407,000
Suffolk ...... 1036 .......... 730 ......... 978 ........ $325,000 .... $350,000 .... $330,000
Source: Long Island Board of Realtors
Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area
