Real Estate Prices In Suffolk Can’t Keep Up With Nassau: MLSLI

real estate prices in nassau and suffolk

Home listing prices in Nassau County skyrocketed in July while Suffolk County prices barely budged, according to a new report from the Multiple Listing Service of Long Island. The Long Island-wide data, which includes Queens in MLSLI reports, shows the median home sale price was $450,000 in July, which is a 8.43 percent increase over the last year and a 2.27 percent increase from June. The total number of Long Island residential properties on the market in July was 17,252, making the available residential inventory 10.03 percent lower than a…

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Stiff Supply Drives Up New York City Home Prices

Stiff inventory kept on driving costs up in much of NYC in the second quarter of this current year, as per a recently released report by StreetEasy. Queens’ homebuyers were hit the hardest by rising costs, with prices of homes rising considerably in almost every submarket. Home prices were up 1.2 percent from a year ago to $1.1 million in Manhattan, up 5.6 percent to $757,507 in Brooklyn and up 8.3 percent to $500,302 in Queens in the second quarter. The lack of accessible homes to purchase has kept the NYC market vying, and out of reach for…

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Long Island Home Prices Soar From May To June, Data Shows

long island home prices

Buying homes on Long Island in June comes with a hefty price tag, according to a new report from the Multiple Listing Service of Long Island. The Long Island-wide data, which includes Queens in MLSLI reports, shows the median home sale price was $444,500 in June, which is a 8.41 percent increase over the last year and a 7.11 percent increase from May. According to the data, median listing prices for homes in Suffolk have increased by $30,000 from May to June while Nassau homes have increased by $25,000. The…

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Long Island Home Prices Jump In Nassau, Fall In Suffolk

home prices nassau and suffolk

Long Island home prices jumped in Nassau County and fell in Suffolk County last month, a new report shows. The median closed sale price in Nassau was $480,000 in May, up 6.7 percent from a year earlier, the Multiple Listing Service of Long Island reported Thursday. In Suffolk, the median price dropped 1.4 percent from a year earlier, to $335,000. In both counties, buyers face a slim supply of listings. The number of homes for sale fell year-over-year by 18 percent in Nassau, where just under 5,200 were on the…

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