Home Sales Climb Faster in Suffolk, But Nassau Remains King on Price: May LI Real Estate Report

• Photo: This home on Swezey Street in Patchogue sold for $349,990 in May.

More people are buying homes on Long Island this year compared to 2016 and prices continue to climb at a healthy clip, but a limited supply of homes on the market continues to plague the region.

In May, there were 865 homes sold in Nassau, a 1.6 percent increase over April 2015, according to new reports from the Multiple Listing Service of Long Island. The median sale price in Nassau was $459,500, a 5.6 percent year-over-year increase from $435,000.

In Suffolk, 1,108 homes were sold in May, a 13.4 percent increase over last year. The median sale price for Suffolk homes climbed from $328,999 to $340,000, a 3.3 percent increase.

Long Island-wide, which includes Queens in MLSLI reports, the median home sale price was $397,500 in May, compared to $385,000 last year.

The total number of Long Island residential properties on the market in May was 19,484, the MLSLI said. That's a 15 percent decrease from a year ago.

Find MLSLI's full May reports on its website here.