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Elliman Report: Long Island Sales 2Q 2019

The market continued to be characterized by rising prices while listing inventory began to see noticeable gains. There were 14,051 listings in inventory at the end of the second quarter, jumping 21.7% from the year-ago quarter and was the most significant annual increase since the fourth quarter of 2006. Despite the rapid rise in supply, listing inventory was 46.3% below the peak reached in the second quarter of 2008 and 5.1% below…

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