The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: SouthFloridaGuy who wrote (124672)	6/7/2008 11:06:01 AM
From: Jim McMannis	Read Replies (2) of 306849

LI May home prices fall 10% over '07; Queens down 15% newsday.com Last month's median closing prices of homes on Long Island dropped by about 10 percent -- 15 percent in Queens -- compared to a year ago. And when compared to April, the figures reveal an erratic housing market some real estate agents say is still correcting from the boom years and feeling the impact of the subprime mortgage crisis. The Multiple Listing Service of Long Island, which also includes Queens, reported that the median closing price was $360,000 in Suffolk, down from $400,000 a year ago. In Nassau the median price dropped $51,500 to $438,500 over the same period, and in Queens the price dropped to $407,500 from $480,000

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