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Elliman Report: Long Island Sales 4Q 2015

Long Island housing sales continued to rise sharply as listing inventory was unable to keep pace. There were 6,526 sales in the final quarter of 2015, up 13.2% from the year ago quarter, setting the highest fourth quarter total in 11 years. Pending sales, comprised of signed contracts that have not yet closed, jumped 20.6% to 5,831 over the same period…

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