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11-14-2007, 07:38 AM
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Senior Member
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Join Date: Apr 2007
1,352 posts, read 1,086,007 times
Reputation: 145
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Quote:
Originally Posted by diamondplayer
Long Island housing inventory goes up
There were 36,210 residential properties for sale on Long Island in October, according to numbers released today by the Multiple Listing Service of Long Island. That's a jump over last year's figure of 33,739. In Nassau, October's housing supply was 10,036, an increase over last year's 9,769. Suffolk's inventory jumped from 13,923 to 14,621.
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That's happening all over. The brand new development ($500-700K) behind mine has not moved in 6 months. In that time they've had 5 spec homes sitting there gathering dust and a bunch of lots sitting empty. We met the guy who bought in last and he was boo hooing how his new home hasn't increased in price like some of his neighbors. Never figured out where these people were making money to support a house this big.
Zillow - 11724 Olde Covington Way, Glen Allen, VA 23059 |
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