The Real Deal New York

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

February 11, 2019 01:01PM

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]