Long Island home sales up 10.5 percent in January after a flat 2018

TRD New York /
Feb.February 11, 2019 01:01 PM

January saw 2,017 pending home sales in Nassau and Suffolk counties, a 10.5 percent increase over the same period last year, according to Long Island Business News. Suffolk had 1,155 pending home sales, a 10.7 percent jump from the 1,043 it had in January 2018. Nassau had 826 homes go into contract, a 10.1 percent bump from the same time a year before when it had 783. Closed home sales in both counties had been increasing for several years until 2018, which remained relatively flat with 28,790 closed sales compared to 28,768 a year prior. Inventory has also continued to rise with 10,535 homes listed for sale in both counties last month, according to the Multiple Listing Service of Long Island. That number is 10 percent more than in January 2018. In Nassau alone, inventory is up 17.4 percent from 2017. [LIBN]


Related Articles

arrow_forward_ios
The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

First hotel in decades could come to Babylon, waterfront Centre Island property gets $3M price cut & more Long Island real estate news

First hotel in decades could come to Babylon, waterfront Centre Island property gets $3M price cut & more Long Island real estate news

Nation’s first affordable housing development for LGBT seniors to open in Bay Shore, West Islip home with helipad hits the market & more Long Island real estate news

Nation’s first affordable housing development for LGBT seniors to open in Bay Shore, West Islip home with helipad hits the market & more Long Island real estate news

Jerry Wolkoff wants a new industrial building in Edgewood, former newspaper mogul’s Gold Coast mansion seeks $13M & more Long Island real estate news

Jerry Wolkoff wants a new industrial building in Edgewood, former newspaper mogul’s Gold Coast mansion seeks $13M & more Long Island real estate news

The Uniondale Marriott and Ten-X's Matthew Schreck (Credit: LinkedIn)

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

Brookfield pitches $400M mixed-use project in Manhasset, Lake Success home from Whitney Houston film lists for $6.3M & more Long Island real estate news

Brookfield pitches $400M mixed-use project in Manhasset, Lake Success home from Whitney Houston film lists for $6.3M & more Long Island real estate news

Hamptons resi brokers remain resolute, despite a slumping luxury market

Hamptons resi brokers remain resolute, despite a slumping luxury market

arrow_forward_ios