Suffolk County home prices inched up in September

The median price of homes that were pending closing in Suffolk County in September was $385,000, Long Island Business News reported. That’s a nearly seven percent rise the median during the same time last year which was $360,000, according to numbers put out by the Multiple Listing Service of Long Island. The story was similar in nearby Nassau County, where the median price of homes contracted for sale was $500,000, a two percent hop from the $490,000 median price in September 2017. The rise in prices however came amid a slowdown in sales, which brokers attribute to weakening demand and rising interest rates. [LIBN]