LI Home Prices Rise As Listings Dwindle, MLS Report Says

long island home prices

Long Island’s dwindling supply of homes for sale drove up housing prices last month. In Suffolk County, the median sales price increased by 6.5 percent compared with the previous August, to $375,000, the Multiple Listing Service of Long Island reported Thursday. Nassau County homes traded for a median price of $515,000, up 6.2 percent from a year earlier. There were 7,345 homes listed for sale in Suffolk last month, down 15 percent from the previous August. In Nassau, buyers had 5,008 listings to choose from, an annual decline of 11.6…

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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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New Home Sales In April Dropped Due To Low Inventory

april home sales

The cost of owning a brand new home is falling. Be that as it may, in spite of the fact that buyers are edgy for whatever homes they can afford, new-home sales were in reality down in April, on the grounds that there were less of them available—a number far shy of meeting the demand by home buyers. Prospective homeowners gathered up only 569,000 brand new homes April—a 11.4% drop from the earlier month, as indicated by a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. What’s…

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