search

The Real Deal Logo

Trending

Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealHomeServices of America strikes $250M settlementHomeServices of America strikes $250M settlementLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsGlossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouse
New York

Home sales slow in Nassau and Suffolk counties in September

Sign Up for the undefined Newsletter

Rising mortgage rates and an increase in supply slowed down home sales around Suffolk County and nearby Nassau County in September, according to Long Island Business News. There were 2,361 homes contracted for sale, down from the 2,489 during the same period last year. Brokers said the downturn is due to weakening demand and climbing interest rates. Overall there were 12,725 homes listed for sale as of Oct. 8. That’s 5.2 percent more than the number of homes listed at the end of September 2017. [LIBN]

Tags
Hamptons