Queens inventory built up a little bit and is now more than 15 months supply; median price dropped.
Units closed of all three counties were lower than last year.
....................... Inventory ...............!....... Units in contract .........................! Months Supply(note 1)
.............. Aug 2010 ....... Aug 2009 ...!... Aug 2010 ..... Jul 2010 ..... Aug 2009
Queens ..... 10321 .....,..... 9905 ......!..... 675 ............ 657 ......... 758 .........!........ 15.3
Nassau ..... 10004 .......... 9702 .......!...... 841 ........... 808 ......... 952 .........!........ 11.9
Suffolk ..... 13610 ......... 12893 ......!...... 921 ........... 880 ........ 1090 .........!........ 14.8
......................... Units closed ....................................*......... Median Price on closed properties
................ Aug 2010 ......... Aug 2009 ..... Jul 2010 ......*..... Aug 2010 ........ Aug 2009 ......... Jul 2010
Queens ....... 531 .............. 638 ............. 544............*..... $343,000 ........ $390,000 ....... $355,000
Nassau ........ 778 .............. 907 ............ 652 ...........*...... $445,000 ....... $420,000 ....... $435,000
Suffolk ........ 768 .............. 998 ............ 662 ...........*...... $326,800 ....... $350,000 ....... $340,000
Note: (1) Based on contracts in Aug 2010
Source: Long Island Board of Realtors
Disclaimer: Data represented transactions reported to MLS only, it didn't reflect all transactions in the area.
