Long Island home prices up despite sluggish sales

March home prices have climbed higher across Long Island even while sales have cooled, the Long Island Business Journal reported. In Suffolk County, the average price rose to $365,500 — about six percent higher than March 2017. Nassau saw a similar hop to $510,000 — about five percent higher than that same time last year. But the number of houses sold dropped to a total of only 2,692 for both counties combined — that’s about five percent lower than the previous March. Brokers attributed the slowdown to the parade of winter storms that hit the island. [LIBN]