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Elliman Report: Long Island Sales 1Q 2014

…The first quarter Long Island housing market was characterized by low inventory, rising sales, a faster pace and rising prices. The extreme weather conditions held back signed contract volume during the quarter expecting to push additional sales into the spring market. The number of sales increased 4.3% to 4,071 marking the highest first quarter total since 2007. Inventory fell 1.3% to 15,098, the lowest first quarter total since 2004…

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