The Real Deal New York

Pending Long Island home sales remain mostly flat in November

December 10, 2018 03:53PM

Pending home sales on Long Island had a mixed November with Suffolk County sales rising slightly, while Nassau’s fell when compared to the same period a year before, LIBN reported. In both counties, 2,310 homes were contracted for sale last month, a 1.3 percent drop from the 2,339 homes contracted for sale in November 2017. Pending sales in Nassau dropped 5.3 percent, from 1,001 in November 2017, to 949 last month. Suffolk, however, saw a slight 1.7 percent rise, from 1,338 in November 2017, to 1,361 last month. LIBN noted that home sales were relatively flat over the past 11 months when compared to the same period in 2017. Inventory has risen during that timeframe, more quickly in Nassau than Suffolk. There were 4,989 homes listed for sale in Nassau as of Dec. 7, which the outlet reported was a 15.1 percent increase from the 4,334 homes listed for sale in the county at the end of November 2017. Suffolk experienced only a 0.5 percent increase in inventory, going from 6,255 homes listed for for sale in November 2017 to 6,288 as of Friday. [LIBN]