Home prices jump in Nassau and Suffolk as available inventory drops

Home prices in both Nassau and Suffolk Counties rose in February compared to the year before, according to the Multiple Listing Service of Long Island. The median price of a home in Nassau County was $505,000 last month, a 12.5 percent jump from 2017. In Suffolk County, the median price was $360,000, up 9.4 percent year over year. The number of listing fell by 14 percent in Suffolk and 2 percent in Nassau, the report found. [Newsday]