Commack School District Homes ~ Market Trend Report ~ May 2008

Commack School District Homes Market Trend Report - May 2008.  This report shows a statisical comparison between the first quarter averages and the months of April and May for 2008, in addition to a year-over-year comparison.  This report provides information about homes sold in the Commack School District including:  location of homes, list price, sold price and days on market.

The following is the May 2008 Home Trends Market Report for the Commack School District.  This report shows month-by-month comparisons, in addition to year-over-year market trends.  This report provides statistical information about homes sold in the Commack 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 Commack School District.  

This report is designed to give factual information about sales in the Commack School District.  As is the case with many school districts on Long Island, the Commack School District has a very broad spectrum of home prices (starter, mid-level, luxury), and the value of individual homes cannot be determined by evaluating broad market trends.  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 Commack School District.

MAY 2008 HOME SALES

MAY 2007 HOME SALES

YEAR-OVER-YEAR COMPARISONS 

MARKET TREND ANALYSIS: 

The numbers for May were slightly lower than the first quarter average, but slightly higher than the April numbers.  The ratio of sold price to list price showed a slight improvement overall.  In a year-over-year comparison, the numbers were slightly down, but for the most part, the market has been relatively flat.

CONCLUSION: 

Inventory levels are rising, so home sellers still should be mindful of the competition when pricing their homes.  Homebuyers that are looking for a home in the Commack School District will find a decent amount of inventory, but the home prices have seemed to level off, so extremely low offers are not likely to be accepted.