Long Island Real Estate Briefs May 14, 2004

Summary


Home sales on Long Island surged in March despite falling sale prices, according to the Albany-based New York State Association of Realtors.

In Nassau, NYSAR reported the sale of 633 existing single-family homes, a 10.5 percent increase over the 573 homes sold in February and a 17.2 percent jump over the 540 homes sold in a year-over-year comparison.

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Extract


Long Island Real Estate Briefs May 14, 2004

But home prices declined in Nassau, with the median sales price dropping to $405,000, a 1.9 percent drop from $413,000 in February.

That price of $405,000, however, represented an 11 percent increase over the $365,000 rec...

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