Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Dec. 11, 2022

October 2022 Suffolk County Market Report

The closed median sale price in Suffolk County for October 2022 was $550,000, an increase of 6.2% over last October’s number of $650,000. There were 1,226 closed home sales and 1,262 pending sales in October 2022, compared to 1,369 closed and 1,251 pending sales reported in September 2022. 

 

The Suffolk County real estate market snapshot:

One-year change in closed sales: -28.1% (1,226)

One-year change in Median Sales Price: +6.2% ($540,000)

One-year change in Inventory: -9.4%

 

As the Suffolk County housing market shifts, the lower supply of inventory (home prices have plateaued but remain elevated due to a limited supply) and mortgage rates doubling since March, affordability continues to be a problem for many buyers. However, we are beginning to see homes sit longer and agents must now do more to attract buyers.  Many homeowners are also waiting for the turn of a more attractive market to sell their homes.

 

Suffolk County Median Price:

 

Dec. 11, 2022

Nassau County Real Estate Market Report for October 2022

 

The closed median sale price in Nassau County for October 2022 was $675,000, an increase of 3.9% over last October’s number of $650,000. There were 1,035 closed home sales and 1948 pending sales in October 2022, compared to 1,080 closed and 993 pending sales reported in September 2022. 

 

The Nassau County real estate market snapshot:

One-year change in closed sales: -24.4% (1035)

One-year change in Median Sales Price: +3.9% ($675,000)

One-year change in Inventory: -9.4%

 

As the Nassau County housing market shifts, the lower supply of inventory (home prices have plateaued but still remain elevated due to a limited supply) and mortgage rates doubling since March, affordability continues to be a problem for many buyers. However, we are beginning to see homes sit longer and agents must now do more to attract buyers.  Many homeowners are also waiting for the turn of a more attractive market to sell their homes.

 

Nassau County Median Sales Price

  
June 1, 2022

April 2022 Nassau County Real Estate Market Report

According the One Key MLS, the  median sale price of homes in Nassau County for in April 2022 was $666,500, an increase of 5.80% from the reported figure of $630,000 in April 2021. There were 942 closed transactions compared to 1.086 in April 2021.  In April 2022 there were 973 new listings while in 2021 there were 1,572.  Both of these statistics point to a stronger seller’s market this year compared to an already string market last year. 

 

April 14, 2022

Understand What Goes into House Prices in a Competitive Market

Visit houselogic.com for more articles like this.

© Copyright 2022 NATIONAL ASSOCIATION OF REALTORS®

Posted in Selling Your Home
March 25, 2022

Mistakes Homeowners Make on Their Taxes

Visit houselogic.com for more articles like this.

© Copyright 2022 NATIONAL ASSOCIATION OF REALTORS®

Posted in Home Ownership
March 23, 2022

Preventing Home Buyer's Remorse

Visit houselogic.com for more articles like this.

© Copyright 2022 NATIONAL ASSOCIATION OF REALTORS®

Posted in Buying A Home
March 18, 2022

March Home Maintenance

Visit houselogic.com for more articles like this.

© Copyright 2022 NATIONAL ASSOCIATION OF REALTORS®

Posted in Home Ownership
Nov. 17, 2021

6 Tasks Every Homeowner Should Do in November

https://www.houselogic.com/organize-maintain/home-maintenance-tips/fall-home-maintenance/

Posted in Home Ownership
Aug. 19, 2020

7 Important Repairs to Make Before Selling A House

Visit houselogic.com for more articles like this.

© Copyright 2020 NATIONAL ASSOCIATION OF REALTORS®

Aug. 1, 2020

Money Saving Household Habits

Visit houselogic.com for more articles like this.

© Copyright 2020 NATIONAL ASSOCIATION OF REALTORS®

Copy Here's how the source code will look on your website or blog.

Posted in Home Ownership