Long Island home sales up nearly 10 percent in April as inventory swells

TRD New York /
May.May 13, 2019 04:33 PM

In Nassau and Suffolk counties, pending home sales increased 9.6 percent in April when compared to the same time in 2018, according to Long Island Business News, which cited data from the Multiple Listing Service of Long Island. Suffolk had 1,868 pending home sales in April, up 12.9 percent from the 1,655 that traded in April 2018. Similarly, Nassau’s 1,336 home sales last month was a 5.3 percent spike from the 1,269 homes contracted for sale in April last year. But despite the numbers of sales growing, inventory is also increasing. Nassau and Suffolk counties had 12,572 homes listed for sale as of Wednesday. That number is 10 percent more than the 11,427 listed on the market during the same time period in 2018. LIBN noted that Nassau saw its inventory rise faster, at a 16.7 percent bounce from 2018, than Suffolk, where inventory hopped up by only 4.8 percent year-over-year. [LIBN]


Related Articles

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

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

Placeholder image

Potential traffic from New Hyde Park revitalization plan irks local residents

Placeholder image

North Babylon apartment plan altered to secure IDA funds, appease neighbors

Placeholder image

Former Superfund site in West Islip bought for $2.45M ahead of development

Placeholder image

Cedarhurst-based Postal Realty Trust seeks to raise $100M in IPO

Placeholder image

Airbnb hosts could make up to $255K from PGA Tour event at Bethpage Black

‘The Mooch’ buys in Manhasset, Christie Brinkley sells in Sag Harbor and more Hamptons & Long Island real estate news

‘The Mooch’ buys in Manhasset, Christie Brinkley sells in Sag Harbor and more Hamptons & Long Island real estate news

arrow_forward_ios
Loading...