Hicksville School District Homes ~ Market Trends Report ~ February 2008

The following is the February 2008 Home Trends Market Report for the Hicksville 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 Hicksville 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 Hicksville School District. 

This report is designed to give factual information about sales in the Hicksville 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 Hicksville School District.

FEBRUARY 2008 HOME SALES

FEBRUARY 2007 HOME SALES

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

MONTH-BY-MONTH MARKET TREND ANALYSIS: 

There was an increase in the monthly inventory, although average list price and average sold price increased as well.  The ratio between list price and sold price deteriorated slightly, and the average days on market showed a marginal improvement.

YEAR-OVER-YEAR MARKET TREND ANALYSIS: 

There was an increase in inventory over 2007.  However, there was a noticeable improvement in list price and sold price.  The ratio between list price and sold price deteriorated, but there was a vast improvement in average days on market.

CONCLUSION: 

It's early in the year to determine a true market trend for homes in the Hicksville School District, but there are indicators that the trend is starting to point upwards.  The inventory didn't grow by a large margin, but the prices have started to rise, indicating that the area may already be starting to rebound.  In the coming months, the true market trend will be determined.