After stabilizing in the prior quarter, Long Island
housing market prices edged above the same
period last year. Median sales price for Nassau
and Suffolk counties, excluding the Hamptons
and North Fork, was $362,000, up 0.6% from
the same period last year. Average sales price
skewed higher, which was consistent with the
increased performance of the luxury market.
Average sales price was $458,523, up 2.6%
to over the same period. The median sales
price of the luxury housing market remained
above the $1 million threshold, rising 6.1% to
$1,057,500 over the same period despite no
real change in the entry threshold of $753,000…