Long Island housing market conditions
continued to tighten with lower inventory, rising
sales and rising prices. Median sales price rose
4.2% to $375,000 from the prior year quarter.
This was the highest second quarterly result
since the financial crisis began. Average sales
price followed the same pattern, rising 5.9%
to $470,369 over the same period. The trends
were similar by county as well. The median
sales price for Nassau County increased
5.8% to $439,000 from the prior year quarter.
The median sales price for Suffolk County,
excluding the Hamptons and North Fork, rose
5.8% to $317,500 over the same period…