|In last week’s post, we reported that the 2nd quarter rise in the median price of private homes and condos was greater than any 2nd quarter increase in the past 5 years. With another week’s worth of closings recorded and published, the percent of increase in the median price is holding steady, with a slight increase in the Nassau County figures.|
Last week’s announcement resulted in several questions being asked of us; focused mostly on how the figures for the narrower markets compared to each other, and ultimately, to the overall market.
We recalculated the figures, breaking them down by township and grouping them as shown in the charts.
Each chart shows the 2nd quarter median price increase for the past 10 years.
The numbers show that in 7 of 12 Long Island townships (Shelter Island was not included due to the low number of closings), the 2nd quarter increase in median price was the highest since 2006.
The tables below list the percentage of change in the median price for all long Island townships, from the 1st to 2nd quarter of 2009, as well as the median sale price for each township.
For complete information on Long Island sale prices, visit
The Long Island Real Estate Report Stats/Trends area.