The closed median home price in November 2014 for Long Island, which includes Nassau, Suffolk, and Queens’s housing data, was $380,000 representing a 2.7% increase over last year. Nassau County reported a $428,000 closed median home price in November, representing a 3.1 increase over $415,000 reported by MLSLI last year. Suffolk County reported a closed median price of $325,000 representing a 2.9% increase over last November. Queens reported a closed median home price of $380,000, representing a 3.8% decrease over last year.
Long Island available inventory has been stable and in November 2014 was 21,403 which is almost equal to last November’s reported 21,397 available residential listings.
November 2014 Market Update reports for Nassau, Suffolk, and Queens Counties are available under the MLS Activity Reports section of Stratus. The Market Update reports are also available at LIRealtor.com under the Research and Data section.