The Real Deal New York

Long Island home prices — and the number of listings — inch up in October

November 19, 2018 01:41PM

The median home price on Long Island closed at $465,000 in October, a 5.7 percent increase over the same time in 2017, according to the Multiple Listing Service of Long Island. The residential data includes Nassau and Suffolk counties, as well as Queens. Nassau’s median home price for October closed at $525,000, a 5.2 percent increase over October 2017. Suffolk’s median price closed at $389,360, an 8.2 percent increase over the $359,999 median price from the same period a year ago. Last month, there were 17,340 homes in available residential inventory, a 10.8 percent increase from 2017. [MLSLI]