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Staten Island’s static sales market

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A new report shows Staten Island’s residential sales market is holding steady. First quarter prices were virtually unchanged from the same period last year, and properties stayed on the market a bit longer than they did during the first three months of 2006, according to data released by the Staten Island Board of Realtors. The median sales price for Staten Island homes was down .24 percent from the first quarter of 2006, going from $425,000 to $424,000. “The market is more like it was in 2003, before it became superheated–which is to say, it’s normal,” said Sandy Krueger, president of the board. Inventory remained flat, according to the statistics, and the average number of days on the market increased 12.6 percent from 111 to 125 days. Krueger said sales and prices are likely to rise slightly next quarter as deals for hundreds of homes currently under contract close. TRD

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