Below is chart of closed sales for Suffolk County. The bar chart shows the average closed price (AKA selling price) in October 2010 compared to October 2009 and 2008.The bar chart shows the October 2008 average sales price for residential homes was $422,679.The bar chart shows the October 2009 average sales price for residential homes was $404,612. -4.3%
The bar chart shows the October 2010 average sales price for residential homes was $392,991. -2.9%
The graph tracks the average sales price for ALL homes in Suffolk County over the past 34 months, January 2008-October 2010.
The graph shows the January 2008 average sales price at about $460,000. This number dropped to almost $355,000 in February of 2009. The average sales price of all homes recovered to $382,674 in October of this year.
We hope this chart and graph answer some of the questions you may have about the current real estate market.