The Lenard Team MARKET UPDATE

HAUPPAUGE, NY 11788

Current Real Estate Market Conditions for Single Family Homes Trends in Pricing Current Levels of Supply and Demand Value Metrics

Report for the week of March 11, 2013

Presented by The Lenard Team Prudential Douglas Elliman TheLendardTeam@Elliman.com 631-327-5097

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2010 Altos Research LLC

Neighborhood Detail
The Lenard Team | Prudential Douglas elliman | 631-327-5097

Single Family Homes in

HAUPPAUGE, NY 11788
Real-Time Market Profile Trend
$ 489,000 $ 589,399 $ 247 167 65 $ 3,850,000 $ 269,000 37 25 % n/a 5% 3000 0.25 - 0.50 acre 4.0 2.5 == == + ==

This Week
The median list price in HAUPPAUGE, NY 11788 this week is $489,000. The 65 properties have been on the market for an average of 167 days.
Median List Price Average List Price

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Buyer's Advantage 25.1 + The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 762,450 $ 529,000 $ 449,000 $ 375,000

3100 2400 0 1576

6,501 8,000 sqft 0.50 - 1.0 acre 0.25 - 0.50 acre 0.25 - 0.50 acre

4.5 4.0 4.0 4.0

2.5 2.5 2.5 2.0

14 38 46 49

16 16 16 17

3 1 0 0

1 0 1 1

118 143 205 201

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

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Monday March 11, 2013

Neighborhood Detail

Single Family Homes in

The Lenard Team | Prudential Douglas elliman | 631-327-5097

HAUPPAUGE, NY 11788

Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday March 11, 2013

Neighborhood Detail

Single Family Homes in

The Lenard Team | Prudential Douglas elliman | 631-327-5097

HAUPPAUGE, NY 11788

Price per Square Foot

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average

90-day Average

Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

7-day Average

90-day Average

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Monday March 11, 2013

Neighborhood Detail

Single Family Homes in

The Lenard Team | Prudential Douglas elliman | 631-327-5097

HAUPPAUGE, NY 11788

Market Action Index

The HAUPPAUGE, 11788 market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.08 so buyers should expect to find reasonable levels of selection.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile

The lowest-end of this zip code (Quartile 4) is the only segment in the Buyer's Market zone with several months of inventory given the current levels of demand. The rest of the market is showing demand strength in the Seller's Market zone.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

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Monday March 11, 2013

Neighborhood Detail

Single Family Homes in

The Lenard Team | Prudential Douglas elliman | 631-327-5097

HAUPPAUGE, NY 11788

Days on Market
The properties have been on the market for an average of 167 days. Half of the listings have come newly on the market in the past 169 or so days.

7-day Average

90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday March 11, 2013