November’s median home prices tick up over 2017, but uncertainty abounds

New York /
Dec.December 17, 2018 12:38 PM

The median home price for Long Island last month was $457,500, representing a 5.2 percent increase over the same time last year, according to data put out by the Multiple Listing Service of Long Island, which recently issued a similar report for October that includes numbers for Nassau, Suffolk and Queens counties. Nassau closed November with a median home price of $525,000, a 7.8 percent increase over the $487,000 reported for November 2017. Suffolk ended November with a median price of $380,000, representing a 7 percent increase over November 2017. There were 16,483 houses for sale this past November, 11.2 percent more than the same time last year. Despite the increases, Long Island Business News reported that sales remained mostly flat, while Newsday noted that rising inventory could foreshadow a housing slowdown that is already affecting neighboring New York City. [MLSLI]


Related Articles

arrow_forward_ios
Photo Illustration of Urban Edge CEO Jeff Olson and Sunrise Mall in Massapequa, NY. (Getty, Urban Edge)

Unibail-Rodamco-Westfield sells Long Island mall for $29.7M

Unibail-Rodamco-Westfield sells Long Island mall for $29.7M
Nassau Coliseum and Nick Mastroianni (Getty)

Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary

Nassau Coliseum leaseholder Nick Mastroianni touts “pent-up demand” for events, but boost may be temporary
TRD’s favorites wines, spirits and non-alcoholic beverages. (Getty, Amazon,

These nine drinks will help you toast the new year

These nine drinks will help you toast the new year
Mahnaz Zahedi pictured with her parents in 1962 (inset) and  444 E Alexander Palm Road (Getty, Zillow)

Hotelier buys waterfront Boca Raton home for $6M

Hotelier buys waterfront Boca Raton home for $6M
Long Island is aiming to keep the business it grabbed from the city during the pandemic, and it now knows how. (iStock)

Long Island plots to keep its pandemic gains from NYC

Long Island plots to keep its pandemic gains from NYC
J.C. Penney at the Westfield South Shore mall in Long Island and  J.C. Penney CEO Jill Soltau (Google Maps; Getty)

J.C. Penney to keep Bay Shore outpost open for now

J.C. Penney to keep Bay Shore outpost open for now
The Uniondale Marriott and Ten-X's Matthew Schreck (Credit: LinkedIn)

Long Island’s hotel market could be headed for a downturn

Long Island’s hotel market could be headed for a downturn
Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news

Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news

Home sales up nearly 10% as Nassau and Suffolk inventory swells, Airbnb hosts could make $255K during PGA event & more Long Island real estate news
arrow_forward_ios

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

Loading...