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Elliman Report: Long Island Sales 2Q 2014

Long Island housing prices had year-overyear increases for the 4th consecutive quarter, although the rate of growth appeared to be cooling. Median sales price edged 1.4% higher to $360,000 and average sales price saw a nominal 0.3% gain to $440,575 respectively from the same period last year. Remaining unchanged from the same period last year, the luxury housing market, representing the top 10% of all sales during the period, demonstrated stability with a median sales price of $999,0000…

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