The Wall Street financial crisis has affected buyer confidence in Suffolk county also; however, not to the extent that it has been felt in Nassau & Queens counties. Suffolk county buyer demand only dropped 9.2% over the previous month and only 8.2% from the same time in ’07. I believe the reason Suffolk county was not affected by Wall Street as harshly as it’s neighboring counties could be due to:

1. Property values in Suffolk home prices are more affordable to median income families and closer to an affordable value point (the market bottom).
2. Most of Suffolk county does not depend on Wall Street for employment and is further removed from it’s impact.