[Tentative Stability] 2Q 2010 Long Island Market Overview Available For Download
Posted by Jonathan J. Miller -Thursday, July 22, 2010, 1:43 PM
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[click to view report]
The 2Q 2010 Long Island Market Overview that I author for Prudential Douglas Elliman was released today.
You can view updated market charts and build your own custom tables using historical aggregate data.
Other reports we prepare can be found here.
For additional insight, view a series of charts we prepare outside of the report as well as general press coverage.
An excerpt
…There were 5,902 sales in the second quarter, 49.2% more than the 3,956 sales in the same period last year and up 54.7% from 3,814 sales in the first quarter. The 54.7% increase in sales from the prior quarter exceeded the 36.2% seasonal increase of the previous five years. Listing inventory showed stability in the second quarter, up a modest 0.6% to 23,620 from 23,485 in the same period last year and the 13% increase from 20,902 in the prior quarter, which was consistent with the 12.4% 5-year seasonal increase over the same period. As a result of stabilized inventory and rising sales, the monthly absorption rate-the number of months it would take to sell existing inventory at the current pace of sales-fell to 12 months from 17.8 months in the prior year quarter. The current absorption rate was faster than the 13.2 average monthly rate of the past five years…
Download report 2Q 2010 Long Island Market Overview [Miller Samuel]
View Long Island charts [Miller Samuel]
Build your own historical custom data tables [Miller Samuel]
