Median Price in Queens on closed properties in August 2008 slightly higher than August last year. But inventory in Queens is 30% more than last August.

...................2008..........2007

Queens...$410,000...$399,900

Nassau...$477,500...$485,000

Suffolk...$370,000...$389,000

................Inventory ...............Units in contract .......................Months Supply

................08/08....08/07........08/08....07/08......08/07

Queens....14390.....11035...........676........765..........691.............21.3

Nassau....10435.....10294...........829........963.........952.............12.6

Suffolk....14650.....14980...........935........964........1015............15.7

Source: Long Island Board of Realtors