Sales & supply for Nassau County, NY homes

By
Real Estate Agent with First Class Homes Inc.

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.

 

 

Comments (9)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Parminder, excellent information for Nassau County, and shows your expertise! 

Dec 23, 2018 09:36 AM
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Welcome to Active Rain, a great place to learn, share, and network.  Whoa, what happened in May 2018 with the Avg List/Sale price?

Dec 23, 2018 09:31 PM
Parminder Singh

Good question, my best guess is a lot of north shore properties were listed for sale as that would drive up that particular number.

Dec 24, 2018 02:18 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Welcome to active rain. Good luck in achieving your goals on active rain 

Dec 24, 2018 05:56 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Welcome to Active Rain and congrats on your first blog post Parminder Singh

Dec 24, 2018 09:24 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Parminder Singh welcome to ActiveRain, and congratulations on successfully posting your first blog on this site.

Dec 24, 2018 08:28 PM
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

Welcome to ActiveRain, I hope that your participation here helps your business to grow.
Btw, I followed your blog, and would be honored if you followed mine.
Thank You!

Dec 25, 2018 06:54 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Welcome to the Rain!  

Congratulations on your first blog post. All the best with your online marketing and networking. 

Dec 28, 2018 01:33 AM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Welcome to ActiveRain. This is a great place to learn about real estate and get support for you as an agent or broker. 

 

Make sure to become a Rainmaker if you are not one yet because that is how you will get a strong link back to your website. 

 

The public, consumers consisting of buyers and sellers of real estate will only see your posts if you have a Rainmaker account. 

 

I wish you luck on your online journey of marketing! 

Jan 05, 2019 09:00 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

Jan 28, 2019 06:58 PM