First Month of 2009 is History in Nassau County Real Estate

It's February 1st already and the first month's sales and inventory stats are in. Nassau county under contracts are up slightly - about 3% while inventory has increased slightly giving us a 9 month supply of inventory to sell at this time. Plainview itself faired better with a good jump in under contracts from a dismal 18 last January to a more normal 28 under contracts this year. With inventory only up slightly from a 3 year low there is a little less than a 6 month supply of inventory. Suffolk County continues to slide with a 17% drop in sales which gives it a full 12 months supply at this sales rate. I believe Suffolk County will continue to lag until Nassau County picks up a bit more. The activity in the houses shows some serious buyers are meeting realistic sellers and we keep our fingers crossed that the year will improve as we move into Spring.