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LI home closing prices dropping at slower pace
Long Island's median home closing price was $360,200 last month, a 6.4 percent drop from $385,000 a year ago, according to the Multiple Listing Service of Long Island.
But it's the smallest year-ago drop since the September meltdown last year led to double-digit tumbles. The slower pace of price declines buttresses on-the-ground views that the housing market is starting to reach an even keel.
October's...
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