Long Island Real Estate Median Contract Price
As you can see we had a large increase in the median sales price in all three counties since January ‘10. The increase was caused by an increase in higher priced homes selling apposed to the home prices increasing. Now that the market has settled again after the Homebuyer Tax Credit, it seems the median sales prices is starting to decrease again. Many experts expect to see a decrease as much as 10% from May 2010 high, I tend to agree with them.





