It may seem so confusing with home sale reports coming at you from all different sources with all different results.
So what is a seller and buyer to do?? As a Real Estate Broker who has been publishing Market Reports for many years,, the answer to that is.. #1- know your source #2- get specific! Your source should be someone working in the field for a minimum of 10-20 years with great success AND the reports you review should be specific to your area of interest. In our Town & Country Home Sales Reports for the Hamptons and the North Fork, in addition to consolidating the numbers, I break each report down to inspect different markets within each market then monitor the number of home sales, the median home sale price, total sales volume AND the number of home sales within 6 different price categories. Visit www.1TownandCountry.com/Reports to view Quarterly and Year End Reports.
While nationally, reports have indicated home sales were down, the National Association of Realtors just published a report indicating MLS statistics show Long Island realized a 13.4% jump in home sales in February 2010 compared with the same period one year earlier.
In fact all of Long Island was up 13% year over year.
Such information is crucial for both buyers & sellers when entering negotiations. Buyers reading national home sale reports may believe they are the ONLY buyer and lose the house due to inappropriate information…
I always recommend buyers and sellers do their homework and confer with experienced knowledgeable professionals… after all it is one of your greatest purchases in life.