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Q: real estate prices ( Answered,   0 Comments )
Subject: real estate prices
Category: Business and Money
Asked by: absolutjct-ga
List Price: $20.00
Posted: 22 Nov 2006 11:41 PST
Expires: 22 Dec 2006 11:41 PST
Question ID: 784886
what percentage/amount has the median sale price of houses in Nassau county, ny

Clarification of Question by absolutjct-ga on 22 Nov 2006 13:24 PST
from the year 2005 to 2006, preferably monthly
Subject: Re: real estate prices
Answered By: omnivorous-ga on 22 Nov 2006 16:01 PST
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

?Nassau County Median and Average Closing Prices,? (Oct. 2005-Oct. 2006)

For comparison purposes with other Long Island counties, this MLS page is useful:

Median and Average Sales Prices ? Nassau, Suffolk, Queens counties
(Oct. 2005-Oct. 2006)

For more detailed information on the county and its neighborhoods you
may find this guide interesting:
Gillan Guide Nassau County 2004/2005

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
"Long Island housing prices flat," (Hardesty, Oct. 13, 2005)

Best regards,

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