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Suffolk & Nassau County Median Home Prices Increase

Real Estate August 1, 2018

According to the Long Island Board of Realtors the median home sale for August 2018 is the highest it's been in over a decade for Suffolk County. Click here for full article.

"The August 2018 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens' housing data, was $485,000, representing a 9.0% increase over last August. Nassau County reported a $550,000 closed median home price in August representing a 7.4% increase over $512,000, reported by MLSLI last year. Suffolk County reported a closed median price of $405,000, which represents a 9.2% increase over $371,000 reported a year ago. Queens reported a closed median home price of $615,000, representing an increase of 15% over $535,000 reported in August 2018

The total number of Long Island residential inventory in August 2018 was 17,405, representing a 4.6% increase over last year." - LIBOR

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