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Elliman Report: Long Island Sales 2Q 2020

The decline in sales represented what a spring housing market looks like when it is shut down to fight a global pandemic. The median sales price rose 5.4% year over year to a record of $469,000 to tie the record set in the third quarter of 2019. The median sales price has reached a top three record over the last five quarters. The average sales price rose 5.5% to $546,399 from the prior year quarter, the thirteenth straight increase…

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