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Nassau and Suffolk housing markets “at a standstill”

Nassau and Suffolk county

Coronavirus isolation measures took a huge toll on Long Island’s residential market last month, according to data cited by Newsday.

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Closed sales fell nearly 20 percent in Nassau County and 16.6 percent in Suffolk County compared to last year. Charles Rutenberg Realty owner Joe Moshe said the market is “virtually at a standstill” and that prices could fall by as much as 10 percent in the coming months.

In-person residential and commercial showings are on hold across the state. Most other markets in the hard-hit areas of the Northeast are seeing similar drops in activity. [Newsday] — Dennis Lynch

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