Long Island Real Estate – Total Un-Sold Home Inventory

All three counties are showing a decline in un-sold home inventory, with Suffolk county showing the largest decline in a year over year comparison.

These figures show that we are working through the unprecedented inventory here on Long Island. This is an excellent sign that we have gotten through the worst of it, and while many factors must be looked at to determine the "bottom" of the market, the simple law of supply and demand is working in the favor of the market improving.