Bethpage School District Homes ~ Market Trends Report ~ February 2008

The following is the February 2008 Home Trends Market Report for the Bethpage School District.  For the first time ever, this report will show month-by-month comparisons, in addition to year-over-year market trends.  This report provides statistical information about homes sold in the Bethpage School District including:  location of homes, list price, sold price and days on market.

It is important to note that monthly reports provide a relatively small sampling of homes which often times results in extreme fluctuations that may or may not be indicative of the market trend for the Bethpage School District. 

This report is designed to give factual information about sales in the Bethpage School District.  If you are interested in finding out the market value for your particular home, you should consider having an actual market analysis done.

These reports are done by school district rather than town because school districts play a very important role in home prices on Long Island.   

Below the actual data you will find an analysis of the real estate trends for homes in the Bethpage School District.

FEBRUARY 2008 HOME SALES

FEBRUARY 2007 HOME SALES

MONTH-BY-MONTH / YEAR-OVER-YEAR COMPARISON 

MONTH-BY-MONTH MARKET TREND ANALYSIS: 

The amount of new inventory on the market remained relatively flat.  Average list price and average sold price both increased, but this may be due to the very small sample size for February 2008 closings.  The ratio between list price and sold price dropped slightly, but average days on market showed improvement.

YEAR-OVER-YEAR MARKET TREND ANALYSIS: 

The amount of new inventory increased slightly, while average list price and average sold price decreased.  Again, this can be attributed to the small sample size for the month.  The ratio of list price to sold price dropped slightly, and days on market increased.

CONCLUSION: 

Since the sample size of homes sold was so small in the Bethpage School District for February 2008, it is difficult to determine the absolute direction of the market.  As the year progresses, the trend will be more easily determined.