< All Market Reports

Elliman Report: Long Island Sales 4Q 2016

The Long Island housing market continued to move at a blistering pace with high sales volume and low inventory levels. Sales reached their highest fourth quarter total in a dozen years. For the past two years, sales activity has remained unusually high, working off inventory levels at the same time. There were 7,008 sales, up 7.4% from the year ago quarter. Year to date, pending sales are up 13.8% from the same period a year ago. As a result, inventory was not able to keep up with demand and fell 12.4% to 11,014, the lowest supply total in 13 years of quarterly history…

Download Now

Get Weekly Insights and Research

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
Joined October 2007