Nassau, Suffolk counties saw pending home sales slip slightly in June

Having halted four consecutive months of gains in May, pending home sales in Nassau and Suffolk counties slipped again in June, Long Island Business News reported. The outlet, citing data from the Multiple Listing Service of Long Island, said that 3,004 homes were contracted for sale last month, a 1 percent dip from the 3,035 homes that moved in June 2018. The numbers also represented a 3 percent decline from May, when 3,167 homes were slated for sale in both counties. In Nassau, 1,317 homes were contracted for sale last month, 2.3 percent less than the 1,348 homes sold in June 2018. In Suffolk, homes sales were flat in June, at 1,687 set for sale, the same number as last year. Inventory, however, soared 13.2 percent year-over-year in Nassau, where 6,298 homes were listed for sale as of July 8. Suffolk saw only a 1.5 percent spike, with 7,262 on the market as of Monday. [LIBN]