Jericho Long Island Homes ~ Market Trends Report ~ January 2008

Welcome to the NEW and IMPROVED Home Trends Market Report for homes in the Jericho School District.  This will be a monthly feature going forward (formerly a quarterly feature).  The report will continue to provide statistical information, but you will now also be able to see exactly where each sold home is located, how much it was listed for, how much it sold for and how many days that it was on the market.

Since this is a monthly report, there will be a smaller sampling of homes.  As such, there will be greater fluctuations in the averages then there was with the quarterly reports.  This report is designed to give factual information about what is happening locally.  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 Jericho School District.

JANUARY 2008 HOME SALES

JANUARY 2007 HOME SALES

MARKET TREND ANALYSIS:  There is a very small sampling in the Jericho School District.  As such, the numbers are very easily skewed.  There is very little in the way of inventory in the Jericho School District as well, so these numbers are highly subjective.

CONCLUSION:  Because the Jericho School District features so many luxury homes, the statistical data is inconclusive.  Over the coming months, there will be year-to-date comparisons that should start to clarify the trends.