Nassau Home Prices Decrease, Suffolk Skyrockets In April: MLSLI

Home sale prices in Nassau County decreased from March to April while prices in Suffolk County skyrocketed, according to Multiple Listing Service of Long Island Inc.’s recently released report for the month of April.

Inventory in Nassau and Suffolk counties also saw a similar pattern from March to April. However, home sale prices and available residential inventory in both counties increased from April 2017 to April 2018, data shows.

The Long Island-wide data, which includes Queens in MLSLI reports, shows the median home sale price was $443,750 in April, which is a 6.9 percent increase over the last year.

The total number of Long Island residential properties on the market in April was 15,253, making the available residential inventory 5.7 percent lower than a year ago, despite Suffolk County seeing an increase. In April 2017, the available residential inventory was at 16,196 MLSLI reports.

In Nassau, 810 homes were sold in April, which is a 3.2 percent increase from a year ago and a 108 decrease from March where the number of homes sold was 918. The median price for homes sold in Nassau in April was $495,000, a 4.2 percent increase from last year and a $7,500 decrease from March where the median price for homes sold was $502,500.

In Suffolk, 1,670 homes were sold in April, which is 7.1 percent increase from a year ago and a 130 increase from March where the number of homes sold was 1,540. The median price for homes sold in Suffolk in April was $363,750, a 7.0 percent increase from last year and a $11,750 increase from March, where the median price for homes sold was $352,000.

Image via Realtor.com of 744 Verona Drive in Melville