December home prices were up nearly 5% from the year before

New York /
Jan.January 21, 2019 10:45 AM

The median home price for Long Island in landed at $460,000 in December, a 4.5 percent increase over the same month in 2017, according to data released by the Multiple Listing Service of Long Island. Suffolk County reported a median price of $380,000 in 2018, which is a 5.3 percent increase over the median price from a year before. Nassau County closed out 2018 with a $515,000 median home price, which is about a 4 percent increase over the $495,000 from 2017. The Multiple Listing Service numbers also include Queens, which had a median home price of $615,000 in December, representing an 11.8 percent increase from 2017. Newsday reportedthat it remains to be seen what impact Amazon’s new second headquarters in Long Island City could have for Long Island’s housing market. [Multiple Listing Service LI]


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