Home prices in Suffolk and Nassau counties inched up in July, MLS report finds

New York /
Aug.August 20, 2018 02:19 PM

Nassau County’s median home prices increased annually by 3.8 percent up to $540,000 last month, according to the Multiple Listing Service of Long Island. Suffolk saw similar gains, up 6.8 percent to a median price of $390,000. Compared to 2008 when there were approximately 32,000 listings on the market across the two counties, today there are just 13,000 and fewer listings have forced buyers into bidding wars that’ve pushed up prices, insiders said. These gains have outpaced wage growth and in both counties, the typical resident can’t buy a home on one salary alone. [Newsday]


Related Articles

arrow_forward_ios
Sciame Construction CEO Frank Sciame and the Gold Coast Mansion
Frank Sciame buys massive Gold Coast mansion. Now what?
Frank Sciame buys massive Gold Coast mansion. Now what?
The estate in Cove Neck with Tatum O’Neal and John McEnroe (The Pesce & Lanzillotta Team, Getty)
Former Gold Coast estate of John McEnroe, Tatum O’Neal hits market
Former Gold Coast estate of John McEnroe, Tatum O’Neal hits market
104 Edgemere Street in Montauk
Little houses draw big interest in mansion-heavy Hamptons market
Little houses draw big interest in mansion-heavy Hamptons market
(iStock)
Locals: Put housing, not warehouses, on landfill site
Locals: Put housing, not warehouses, on landfill site
1 Swan Landing
5 Gatsby-esque homes fit for the Roaring 2020s
5 Gatsby-esque homes fit for the Roaring 2020s
Bidding wars occurred in 35 percent of North Fork home sales. (iStock)
Bidding wars drive Long Island home prices to new highs
Bidding wars drive Long Island home prices to new highs
The land that time forgot: A North Fork real estate saga
The land that time forgot: A North Fork real estate saga
The land that time forgot: A North Fork real estate saga
Flurry of 8-figure deals highlight Hamptons sales in June
Flurry of 8-figure deals highlight Hamptons sales in June
Flurry of 8-figure deals highlight Hamptons sales in June
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...