Long Island Home Prices Continue To Climb

The sales prices of Long Island homes continue to climb, even though sales are not as robust as they were last year.

The latest data from the Multiple Listing Service of Long Island shows that housing market is continuing its recovery. Sales are up month-over-month, but are lower than they were last June.

In Nassau, the average sale price of a home was $550,000 — the highest since August 2018. It beat May's average price of $530,000, and blew away last June's price of $519,000.

The number of sales in Nassau has been steadily increasing since February, and June saw 1,128 units sold over May's 1,015. However, it was lower than then 1,313 units that were sold in June 2018.

Suffolk County saw a similar trend. The average sale price in June was $405,125, up from May's $390,000. It was the highest average sale price in Suffolk for at least two years. It was also well over last June's average of $375,000.

The number of houses sold was also similar to Nassau. Suffolk saw 1,478 units sold in June, a modest increase over May's 1,407. However, it was much less than last June, which had 1,666 units sold.