The Nassau County real estate market is still in strong seller market territory.
Limited Supply and High Demand: With a low 2.29 absorption rate (Months Supply of Inventory), the current market in Nassau County is characterized by a scarcity of available homes and a strong demand from buyers despite the 30 year fixed interest rate remaining in the high 7% range.
Rapidly Decreasing Inventory: Over the past year, the Months Supply of Inventory has plummeted by a significant -40.36%. This trend has more than offset the lowered demand resulting from the higher interest rates.
Impressive List to Sold Price Percentage: Sellers are still receiving an impressive 99.9% of their asking price, showcasing a robust seller's market and strong negotiating power for the seller. A properly priced home in most areas of Nassau County should result in multiple offers.
Quick Sales: Homes in Nassau County are selling swiftly, with a median of just 32 days on the market. Buyers still need to act fast if they wish to submit an offer on a home they like.
Desirable Properties: The median sold price in Nassau County is currently $725,000, highlighting the value and desirability of properties in this area.
To see the full Nassau County, New York housing report with graphs click here.
To see the most recent Nassau County, NY listings click here.
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