The Dix Hills, Melville Half Hollow Hills 2009 Housing Market Report shows that sales numbers improved as the year went on. The Median Selling Price in 2009 dropped about 12% from the year before. However the Quartile Chart on page 3 (Chart 5) shows the preponderance of sales numbers below $600,000 – a change from 2008 – which affects the median price as well. Although prices certainly have dropped, the drop across the board is less than 12% from the year before. The “First-Time Homebuyer Tax Credit” had a positive impact on the housing market. That tax credit is expires April 30 for homes to be in contract. They must close by June 30. Click on 2009 Housing Market Report for the full report in a pdf format.
Chart 1 – The number of homes entered Under Contract in 2009 is a little less than in 2008. The Median Listing Prices and Selling Prices are lower in 2009.
Chart 2 – Comparison of number of Homes Entered Under Contract in 2009 and 2008.
Chart 3 – Comparison of 2009 and 2008 Homes Sold.
Sales numbers were higher for 2008 than 2009, Selling Prices were lower in 2009.
Chart 4 – Comparison of Number of Homes Sold by Month for both 2009 and 2008.
Chart 5 – 2009 Market Stats for Dix Hills, Melville SD#5. The data for Homes Under Contract, Sold and Available are broken down by Price Range.
Read the full report: Dix Hills, Melville SD#5 2009 Housing Market Report.
Comparison of Quarterly Stats of Sold Homes and the Median Original Listing Prices, Median Listing Prices at time of Contract and the Median Selling Prices at Closing.
Any questions or for more information please contact Cheryl Grossman at email@example.com or 631-549-1993. If you want to know the value of your home in today’s market, please call me for a personal consultation – no charge, of course!