March figures show stability

Median Price Drop accelerated in Queens. Nassau & Suffolk slowed down.

Median Price on closed properties:

................ Mar 2009 .... Mar 2008

Queens ... $355,000 ... $420,000 (-15.48%)

Nassau ... $405,500 ... $445,000 (-8.88%)

Suffolk ... $319,800 ... $365,000 (-12.38%)

Units under contract in Queens increased 20% more than Feb 2009:

....................... Inventory ...................... Units in contract ................ Months Supply

................. Mar 09 ..... Mar 08 ........ Mar 09 .... Feb 09 ...... Mar 08

Queens ..... 10421 ..... 11206 ........... 667 ........ 555 .......... 667 ............. 15.6

Nassau ....... 9843 ....... 9862 ........... 792 ........ 614 .......... 831 ............. 12.4

Suffolk ..... 13099 ..... 14141 ........... 896 ........ 656 .......... 971 ............. 14.6

Source: Long Island Board of Realtors