Breaking down the market in Valley Stream NY, 11580

During the 1st-QTR-2009, there were 53 transactions (homes sold) with a median sales price of $348,740.  Compared to this year, the number of transactions increased 17 percent to 62 transactions while the median sales price declined slightly to $345,000.

Currently, the median listing price in Valley Stream is $399,000 which is down 20 percent from the height of $500,000 reached during the 1st-QTR-2008.  Currently, the most expensive listing in Valley Stream is tagged at $1,100,000 while the least expensive listing is  priced at $159,900.  This week, 16 more homes were added onto the market bringing the total number of homes available for-sale to 330 homes.

In looking at the Valley Stream market place, it is striking to see the number of  homes coming onto the market.   As seen on the chart below, the number of homes listed for sale increased dramatically since the beginning of 2010.  With so much inventory available, it is reasonable to believe that it will have an adverse affect on pricing.