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Thank you for posting this. Very interesting data, which I want to look at more carefully later when I get a chance. But, I'm curious: Is there a reason not all zip codes are included? I automatically went to look at 11937 and 11930, and neither are there.
The North Fork drops in prices are surprisingly high to me: Aquebogue in particular, Laurel, Greenport...and then south, even East Quogue. Though I'm trying to figure out how to juxtapose the price difference with the sales-number difference. Lower prices, fewer sold somehow doesn't seem as dire as would lower prices, more sold. It reads to me as the prices decreased, but people are keeping their homes, since there is a huge decline in both price and volume. I'm sure it's more nuanced than that, though. What are your thoughts, Tom?
Btw, I assume this is public data? I've never seen it before. Where/how would I know to look for it, for upcoming and/or past quarters?
is there a tool that maps zip codes to towns, or using Walter's terminology, hamlets?
I think zip codes are mapped in the regular phone book, in the "blue pages." They are also written on the paper maps that come with local phone books - the Yellow Book, I think. It looks as though the online versions cost money to buy.
Lower prices, fewer sold somehow doesn't seem as dire as would lower prices, more sold. It reads to me as the prices decreased, but people are keeping their homes, since there is a huge decline in both price and volume.
In general,
lower price + lower volume = more inventory, low demand --> prices need to get even lower to generate demand
lower price + higher volume = less inventory, high demand --> turning point, prices will either stabilize or go up soon
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