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Inventory of Homes for Sale Increases

Posted By Barry Ritholtz On August 8, 2005 @ 7:30 am In Economy,Real Estate | Comments Disabled

The Long Island section of NYT: [1]    

"The number of homes for sale on Long Island and in Queens in June was 22 percent higher this year compared with the same time last year, signaling, some say, that prices have been raised too high for many buyers.

The numbers come from the Multiple Listing Service of Long Island, a network of about 2,300 real estate offices in Long Island and Queens. The service also reports that median home sale prices are still rising in Nassau and Suffolk, but at a slower rate."

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Here’s the graphic evidence:
click for larger
07lizochart_1 [2]

graphic courtesy of NYT [3]

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More on this later . . .

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Source
:
Number of Unsold Houses Grows [1]
VALERIE COTSALAS
August 7, 200
http://www.nytimes.com/2005/08/07/realestate/07lizo.html


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/08/inventory-of-homes-for-sale-increases/

URLs in this post:

[1] NYT:: http://www.nytimes.com/2005/08/07/realestate/07lizo.html

[2] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/07lizochart_1.jpg

[3] NYT: http://www.nytimes.com/imagepages/2005/08/05/realestate/07lizochart.html

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