Summary
It's been more rough sledding for residential real estate on Long Island in 2011. For the fourth straight year, the industry has been plagued by weakening home prices and spotty sales. While real recovery remains elusive, ever-optimistic Realtors continue to look for silver linings, focusing on record-low mortgage rates and the opportunities that abound in this buyer's market. We're letting the numbers tell the story. So as this year comes to a close, here are 11 housing statistics from the first 11 months of 2011.
Agent exodusSee the full content of this document
Extract
11 Surprising L.I. Housing Stats
At the end of last month, there were 1,118 fewer real estate agents on Long Island since the start of 2011, according to membership statistics from the Multiple Listing Service of Long Island.
There were 19,765 members of the Long Island Board of Realtors in January, but an average of 100 real estate agents a month have dropped out since then, bringing their numbers to 18,647 at the end of November.L...See the full content of this document
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