Long Island Real Estate Market - August 2017 Update

Closed median home price for Long Island, which includes Nassau, Suffolk & Queens: $448,998 representing an 6.9% increase over last year.

Nassau County: $515,000, 6.2% increase over 2016

Suffolk County: $375,000, 6.5% increase over 2016

Queens: $539,000, 15.9% increase over 2016

The total number of Long Island residential inventory in July 2017 was 16,464 representing an 10% decrease over last August.

Prices are up and inventory is down - it's a hot market sellers and a competitive market for buyers. Act early and quickly to take advantage!