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LI's median closing price up

For the fourth quarter on Long Island, the median closing price of $387,600 was a 1.4 percent increase over $382,400 from the same period a year earlier, the National Association of Realtors said in a recent report.

The trade group gets its data from local sources such as the Multiple Listing Service of Long Island and various real estate data providers.

Recent fourth-quarter numbers from Prudential Douglas Elliman Real Estate showed median closing prices dropped 1.4 percent from a year ago for most of Long Island but rose 4 percent in the high-end, Hamptons and North Fork market. That increase in the luxury market likely helped pull up Long Island's median closing price in the report from the National Association of Realtors.

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