Home Sales Pick Up After a Slow April Home Sales Pick Up After a Slow April

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Home Sales Pick Up After a Slow April

April was a slow month for Long Island real estate, but May started picking up fast.

From May 2016 to May 2017 homes contracted for sale increased by 7.5%, going from 3,080 pending sales to 3,313. This makes up for the 7.7% drop that occurred in April compared to last year.

In May 2017 the number of closed home sales increased 17.2% from 2016.

Although inventory is increasing it is still lacking compared to a year ago. There are currently 12,871 homes listed on the MLS of Long Island, compared to 15,507 homes last year.

These are interesting stats to keep in mind whether you are a real estate investor, are looking to sell your home, looking to purchase a home, or just looking to do business in the real estate industry. 

April was a slow month for Long Island real estate, but May started picking up fast.

From May 2016 to May 2017 homes contracted for sale increased by 7.5%, going from 3,080 pending sales to 3,313. This makes up for the 7.7% drop that occurred in April compared to last year.

In May 2017 the number of closed home sales increased 17.2% from 2016.

Although inventory is increasing it is still lacking compared to a year ago. There are currently 12,871 homes listed on the MLS of Long Island, compared to 15,507 homes last year.

These are interesting stats to keep in mind whether you are a real estate investor, are looking to sell your home, looking to purchase a home, or just looking to do business in the real estate industry. 

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