No Improvement Over Last Year's Long Island Real Estate Market

April has been a chilly month on Long Island and the chill has struck to the real estate market.  In Nassau County both sales and inventory are slightly down. In Suffolk County inventory is slightly up but sales are down.  Central Nassau County is still a hotspot outperforming the broader market. While Nassau County has 7 months worth of inventory on the market and Suffolk County has 8 months, Syosset, Hicksville, Farmingdale and Wantagh have only 4 months and Levittown has 5. Whether this year's sales statistics will beat last year's is still in doubt but one statistic to watch is when inventory peaks. Inventory can peak as early as June or late as August.  If inventory rises, I am confident we will have the buyers to absorb it. So stay tuned for next month's look at the real estate market on Long Island.