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RSS FeedReal Estate Prices Drop Substantially on Long Island & Queens |
Posted at Great Northeast Queens News by John Maniec
Jun. 8, 2008
Categorized in: Important NY Real Estate News
The Multiple Listing Service of Long Island which regularly gathers statistics on real estate sales mainly for Nassau and Suffolk Counties on Long Island as well as the borough of Queens in New York City reported that in May 2008 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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