2018 Sales & supply report for Nassau County Long Island, New York.
It has been a seller's market with plenty of activity across the residential home listings. However, the trend may not sustain into the new year 2019. We are now seeing a decline in new buyers as home prices have gone up several percents within last 12 months. This may cause some folks to re-price their listings in coming January. While working with an active buyer who is still undecided about which town to choose from I extracted some interesting market details from the MLSLI database to help provide visual insight about the trend over the last 12 months. I figured this information might be helpful to other buyers, sellers and even agents in the neighboring areas. Even if you're not active about buying or selling a property these statistics should help provide a baseline in the coming months and years for all customers. If you are still searching for your first home or an investment property, check out the listings here from towns all around Nassau & Suffolk counties.
While speaking to other REALTOR professionals at a recent Christmas party most of them predicted following spring and summer of 2019 to be a buyer's market. Most buyers are currently feeling that they are paying a fortune for homes. This might cause some sellers to re-price their homes over the winter months of 2019. Using the following online valuation tool you can look-up any property's estimated market value. If you are looking to buy or sell in Long Island feel free to reach out with any questions. I'll be glad to help despite your current position whether it be a first-time home buyer or an investment property hunter.
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