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Elliman Report: Long Island Sales 4Q 2017

Heavy sales volume and price growth continued in the Long Island housing market, excluding The Hamptons and North Fork. The final quarter of 2017 saw the most fourth-quarter sales in thirteen years, completing three full years of year quarterly sales growth. There were 7,264 sales, up 3.7% from the prior-year quarter. In addition to rising sales, listing inventory declined year over year for the eleventh time in the past twelve quarters. There were 10,273 listings at the end…

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