The Real Deal New York

Long Island home prices up despite sluggish sales

April 16, 2018 01:31PM

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]