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Elliman Report: Long Island Sales 1Q 2021

The proliferation of records this quarter continued, showing up in prices, marketing time, bidding wars, and listing inventory. Driven by low mortgage rates, an acceleration in vaccine distribution, and a release of pent-up demand, the market pace was unrelenting. The number of sales surged 35.3% year over year to 7,789 for the highest first-quarter total tracked since…

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