Home sales slow in Nassau and Suffolk counties in September

TRD New York /
Oct.October 17, 2018 12:00 PM

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]


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
Rihanna has joined in the mayhem that is the Hamptons rental market. She’s reportedly looking to buy, but first wants to rent. (Getty, iStock)

Rihanna is on the hunt for a Hamptons getaway. And she “doesn’t have a budget”

Rihanna is on the hunt for a Hamptons getaway. And she “doesn’t have a budget”
Marriott CEO Arne Sorenson (center) with StayMarquis co-founders Alex Goldstein and Bryan Fedner (Credit: StayMarquis)

Marriott jumps into Hamptons rental market

Marriott jumps into Hamptons rental market
317 Murray Place (Credit: Bespoke Real Estate)

Southampton compound trades for $58M

Southampton compound trades for $58M
Hamptons market so tight, even landlords seek rentals

Hamptons market so tight, even landlords seek rentals

Hamptons market so tight, even landlords seek rentals
Tonight on TRD Talks Live: Heavyweight brokers on the Hamptons frenzy

Tonight on TRD Talks Live: Heavyweight brokers on the Hamptons frenzy

Tonight on TRD Talks Live: Heavyweight brokers on the Hamptons frenzy
Barry Rosenstein and his Hamptons home (Credit: Aurora Rose/Patrick McMullan via Getty Images, Bespoke Real Estate) 

Hedge funder sells Hamptons home for $37M

Hedge funder sells Hamptons home for $37M
26 Windmill Lane (Credit: Douglas Elliman)

Hamptons compound sells for $45M in area’s biggest sale of the year

Hamptons compound sells for $45M in area’s biggest sale of the year
arrow_forward_ios

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

Loading...