April, 2012 Long Island Housing Market Update from Multiple Listing Service
The April edition of the Long Island Real Estate Market Update from the Multiple Listing Service of Long Island shows a definite upward trend for contracted or pending sales – a reliable indicator of future homes sales data. April 2012 contracted sales numbers are up 13.8% over last year at the same time. In addition the number of sales for the first 4 months of 2012 are 16.6% than the first 4 months of 2011.
Sales prices are within 1% less than those of one year ago. Housing inventory is down 7% from April 2011. Rising consumer confidence. Home sales numbers up. Housing inventory down. Good news for the housing market on Long Island!
“First time home buyers are evaluating their current living situations and are deciding that “lifestyle” is important enough to make the commitment to buy a home. The decision is made easier because financing is favorable, selection is excellent and they too see that prices are gradually stabilizing.” said Joseph E. Mottola, CEO MLSLI.
The April, 2012 Housing Market Report for Suffolk County reinforces the improved housing market with graphs and charts.
For more information about these reports or to request a complimentary Market Value Report for your home – please contact Cheryl at 516-901-0577 or Cheryl@LIagent.com.