Hicksville School District Homes ~ Market Trends Report ~ May 2008

Hicksville 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 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.  The quarterly market trend has more data, and as such, gives a more accurate look at the current market trend.  However, it should be noted that the market data is still relatively small and subject to extreme fluctuations based on sales that are atypical of the rest of the sales in 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.

 

MAY 2008 HOME SALES

 

MAY 2007 HOME SALES

 

YEAR-OVER-YEAR COMPARISONS 

 

MARKET TREND ANALYSIS: 

The numbers for May were actually very similar to the numbers for April, although they were a bit lower than the first quarter averages and also May of 2007.  The most positive trend is that the days on market were greatly reduced, and even lower than 2007.

 

CONCLUSION:

The home prices seem to have stabilized, and are not down very far from the previous year.  The fact that the average days on market has dropped with flat prices indicates that more homeowners are pricing to sell, and that homebuyers that are interested in the area need to be mindful of the fact that homes are selling at a more rapid rate than many other areas.  This means that homebuyers that have become accustomed to waiting for price drops run the risk of missing out on the home that they really want.  There is an ample inventory of homes available in the Hicksville School District, so the homeowners that price to sell have a much better chance of a fast closing than those that are just testing the market with higher prices.

 

About The Author

Adam Waldman is a Long Island Residential Real Estate Professional that can assist you with the purchase and/or sale of real estate on Long Island, from bank owned homes to new construction to waterfront property, and everything in between. Adam is also a Relocation Specialist that has created a network of real estate professionals throughout the country in an effort to assist relocating Long Islanders in their transition to new areas. These professionals are experts in the field of relocation and can serve many purposes beyond a simple home search.

Please visit www.TheLIReloGuy.com for your relocation needs and www.AdamWaldman.com for your local needs.

Adam Waldman - RE/MAX Best - 631-357-2036 - adam@AdamWaldman.com