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Is it a Buyers Market or a Sellers Market?
As of January 2017, Nassau County, Long Island, is experiencing a Sellers Market, meaning it is an advantageous time for listing a house for sale.
Inventory levels are low, thus multiple offer scenarios are not uncommon. The absorption time for Nassau Country Single Family Homes as of January was 5.5 Months… This means that should no additional homes come to market starting today, it would take 5.5 months for all homes to sell. (Less than 6 months is considered a sellers market).