[click to view report]

The 4Q 2009 Long Island Market Overview that I author for Prudential Douglas Elliman was released today.

Other reports we prepare can be found here.

Charts with the 4Q 2009 will be available online later today.

An excerpt

>…There were more sales in the fourth
quarter than in any quarter over the past two
years as purchasers took advantage of the firsttime
buyer federal tax credit program, increased
affordability and low mortgage rates. There were
5,935 sales in the fourth quarter, 34.1% more
than 4,427 sales in the same period a year ago
and 5.9% more than 5,603 sales in the prior
quarter. The current pace of sales has doubled
from the low point in the first quarter of 2009,
when there were 2,872 sales, but still remained
22% below the peak of 7,607 sales during the
third quarter of 2004, the height of the housing
boom. Listing inventory declined as a result of
the increase in the number of sales. There were
19,450 listings, 6.2% below 20,730 listings in the
prior year quarter and 12.3% below 22,170 listings
in the prior quarter…

Download 4Q 2009 Long Island Market Overview