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Long Island Housing Data for October 2017

By
Real Estate Agent with The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803

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.

Call our Cell: 631-805-4400 when you're ready to buy or sell a Long Island home.

 

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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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                                                    Sheila & Larry Agranoff

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Lawrence "Larry" & Sheila Agranoff are more than just Real Estate Agents. To attain the designation of REALTORS®, we have proven to be more knowledgeable & experienced, above and beyond the average requirements. Being part of the network referred to as REALTORS®, you can be sure we will cater to your Real Estate needs with superior professional practices.
 
If your home is listed with another broker, this is not a solicitation of property. This does not suggest broker has property currently available. Reproduction of text/images contained herein without the express written consent of the authors is strictly prohibited. Sale May Be Subject To Term & Conditions of An Offering Plan. Disclaimer: While information is believed to be accurate it's represented subject to errors, omissions, changes or reliance on information & must be verified by prospective consumer. The authors disclaim liability for any damages/losses, direct or indirect resulting from anything contained herein or the accuracy of comments or opinions of visitors.​©2008-2023.
 
 
 
 
 
 

 

Comments (3)

Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will appreciate your local real estate market reports.

Nov 19, 2017 08:37 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Sheila and Larry, increased prices and decreased inventory as compared to last year is very telling of the Long Island market. Seller's should take note and contact you to discuss their real estate goals. Your expertise paired with the current market conditions are the perfect combination.

Nov 20, 2017 03:35 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Larry and Sheila

The October 2017 Long Island real estate held strong . . . . and in need of additional properties to sell.

Good luck and success.

Lou Ludwig

Nov 22, 2017 08:15 PM