Absolutjct --
For the first time in nine years, the median price for homes UNDER
CONTRACT in the county fell in August of this year. The fall was only
1% --
August, 2006: $495,000
August, 2005: $500,000
A slight drop also occurred in October from about $480,000 to
$470,000. The Long Island Multiple Listing Service (MLS) keeps data
on each month, linked below. September, 2005 is missing from this
chart. Note too that these are CLOSING PRICES, which can vary from
the numbers above.
It is also important to note that average home prices are higher
because of a number of very expensive, multi-million dollar home
sales.
MLSLI
?Nassau County Median and Average Closing Prices,? (Oct. 2005-Oct. 2006)
http://www.mlslirealtor.com/pdfs/nassau_stats.pdf
For comparison purposes with other Long Island counties, this MLS page is useful:
MLSLI
Median and Average Sales Prices ? Nassau, Suffolk, Queens counties
(Oct. 2005-Oct. 2006)
http://www.mlslirealtor.com/housingstats.cfm
For more detailed information on the county and its neighborhoods you
may find this guide interesting:
Amazon.com
Gillan Guide Nassau County 2004/2005
http://www.amazon.com/Gillan-Guide-Nassau-County-2004/dp/0976299704
A good Google search strategy for home prices is:
Long Island Multiple Listing Service median home price
Adding a month in question can result in more specific data over several years:
Long Island Multiple Listing Service median home price September
For example the following Long Island Business News article provides
the missing September, 2005 prices for Nassau County, as well as 2004:
September, 2005: $495,000 (+11.2% over 2004)
September, 2004: $445,000
September, 2006 (from first link): $470,000
Findarticles.com
"Long Island housing prices flat," (Hardesty, Oct. 13, 2005)
http://www.findarticles.com/p/articles/mi_qn4189/is_20051013/ai_n15709316
Best regards,
Omnivorous-GA |
