The Real Deal New York

Home sales slow in Nassau and Suffolk counties in September

October 17, 2018 12:00PM

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]