Median Price in Queens on closed properties in August 2008 slightly higher than August last year. But inventory in Queens is 30% more than last August.
................... 2008 .......... 2007
Queens ... $410,000 ... $399,900
Nassau ... $477,500 ... $485,000
Suffolk ... $370,000 ... $389,000
................ Inventory ............... Units in contract ....................... Months Supply
................ 08/08 .... 08/07 ........ 08/08 .... 07/08 ...... 08/07
Queens .... 14390 .... 11035 ......... 676 ....... 765 ......... 691 ............. 21.3
Nassau .... 10435 .... 10294 ........ 829 ....... 963 ......... 952 .............12.6
Suffolk .... 14650 .... 14980 ........ 935 ........ 964 ........ 1015 ............ 15.7
Source: Long Island Board of Realtors
