Long Island, NY Real Estate and Homes For Sale

Oceanside NY 11572 3Q Closed Real Estate Statistics

(Calculations are done excluding zero-values except for %Difference)

Counts

 Stats are just stats. They don’t tell the truth & they don’t tell lies. Some observations though— Volume (the # of houses sold) was way up over the 2Q. Average and mean selling price also up—compred to the 2ndQ 2008. What does that tell us? That selling prices are going up? No they are not. It tells us that Oceanside Real Estate Sellers have been humbled, have reduced their prices, and sold their houses at what the market will bear. Houses that did not sell for $650,000 were reduced in price to the low $500K and finally sold, after 2-3 years on the market chasing prices.