Long Island New York Housing Data For 2004

The Mortgage-Pro · Site Admin Joined: 19 Jan 2005 Posts: 2248

Homebuyers now have more resources than ever evaluate there real estate purchases.

Looking for the latest information on the Long Island housing market?

Consumers used to have to scrounge for numbers, but now there are lots of sources that slice up the data.

This week, for example, Prudential Douglas Elliman Real Estate (www.prudentialelliman.com) released its latest numbers for the fourth quarter of last year. The median price for a house on Long Island was $397,550, up 12.2 percent from the fourth quarter of 2003, although down 0.8 percent from the third quarter (not unusual for the cold holiday season). The Hamptons did even better: While the figures lag the rest of the region, the third-quarter median ($1.125 million) was up 17.8 percent from 2003.

Then there's the long- standing monthly and yearly survey of existing home sales by the Multiple Listing Service of Long Island (www.mlsli realtor.com). Among a store of data from 2,200 real estate offices, MLS reports the average existing-home price for the Island for 2004 was $444,149, up 12.9 percent from 2003.

For even more eclectic data, visit Long Island Profiles' Web site (www.liprofiles.com) and you can get price trends for the Island, as well as by county, town, hamlet - even the highest closing sale of any property in the region for December.

By RONALD E. ROEL