DID YOU KNOW...

u Active residential listings totaled 3,345. That’s 518 fewer than the month prior, but up year-over-year by 19%.

Great Neck Homes Sold Prices

u Pending sales stood at 1,692, a drop from 1,913 for November. That’s also down yearover-year by 31% from 2,441 last December.

u Settled sales during the month were 2,004. That’s up 4% from 1,923 in November, but down 35% from 3,092 year-over-year.

u The median sales price (MSP) of homes sold across the region in December was $306,000, up from $302,000 last month and up 5.5% from $290,000 in December 2021.

u The Month’s Supply of Inventory (MSI) the month was 1.27, a drop from 1.42 in November, but higher than the 0.88 MSI recorded in December 2021. MSI is used to identify how long there would be homes for sale on the market if no new inventory were added.

u Median days on market (DOM) for residential listings was 24.

u Residential new construction sold in the MLS during the month was 277, that’s 77 more than last month, and 29 fewer than 306 last December.

Solds MEDIAN

$609,000 MAXIMUM

Wimbledon Solds

SOLD IN 2022 $1,499,000