This has been the story for many months … It's hard to sell what you don’t have! However, when you do have something, it commands a good price.
Long Island Housing Data for October 2017
The October 2017 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens' housing data, was $440,000 representing a 6% increase over last year.
Nassau County reported a $500,000 closed median home price in October representing a 6.4% increase over $470,000 reported by MLSLI last year. Suffolk County reported a closed median price of $360,000, which represents a 6.2% increase over a year ago. Queens reported a closed median home price of $555,000, representing an increase of 12.7% over $492,500 reported in October 2016.
The total number of Long Island residential inventory in October 2017 was 15,654 representing a 9.1% decrease over last year. The current months of supply is 4.5, compared to 5.4 in October 2016. The months of supply is the measure of how many months it would take to exhaust the current number of homes on the market to sell.
This Long Island Housing Data is brought to you as a courtesy by Lawrence & Sheila Agranoff, helping buyers and sellers on The North Shore of L.I.
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Compiled from MLSLI
If your home or condo is listed with another broker, this is not a solicitation of the property.
All information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.
DISCLAIMER: Lawrence & Sheila Agranoff disclaims liability for any damages or losses, direct or indirect that may result from use or reliance on information contained in the blog or for the accuracy of comments or opinions of visitors to the blogs.
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