Market Updates

June 7, 2024

Real Estate Market Report for Mount Sinai, New York - June 2024

Introduction

Welcome to the June 2024 real estate market report for Mount Sinai, New York. Staying updated with the latest market trends is crucial for both home sellers and buyers to make informed decisions. This report provides a comprehensive overview of the current market conditions, key statistics, and expert tips ...

View More
Posted in Market Updates
March 10, 2024

Suffolk County Real Estate Market Update - February 2024

 

February 2024 Suffolk County New York Housing Market Trends

The real estate market in Suffolk County, New York is currently marked by a strong demand and a low inventory, with a "months supply of Inventory" at 2.25. In February 2024, there were only 1816 homes for sale in Suffolk County. This limited housing selection resulted in faster ...

View More
Feb. 22, 2024

Suffolk County, New York Real Estate Market Update - January 2024

Let's take a look at the January 2023 Suffolk County real estate market data.

 

The primary factor impacting Suffolk County housing prices is the continued historically low Months Supply of Inventory or Absorption Rate, which is sitting at a low 2.41. This means that there is a ...

View More
Feb. 22, 2024

Nassau County, New York Real Estate Market Update - January 2024

Let's take a look at the January 2024 Nassau County real estate market data.

The primary factor impacting Nassau County housing prices is the continued historically low Months Supply of Inventory or Absorption Rate, which is sitting at a low 1.9. This means that there is a limited ...

View More
Jan. 9, 2024

Nassau County, New York Real Estate Market Update - December 2023

Happy New Year. The Nassau County Real Estate market finished 2023 in solid seller’s market territory.

Nassau County Real Estate Market Report, December 2023


Absorption Rate
: Currently, there are only 2.05 months of supply available in the market. This means that demand is high and properties are selling quickly. That is a dramatic 57% drop from the ...

View More
Jan. 9, 2024

Real Estate Market Spotlight - Northport Village

Northport Village is a charming, quaint waterfront community located on the north shore of Long Island, New York.. It is part of the Town of Huntington in Suffolk County. The village is known for its picturesque setting, historic architecture, and a vibrant downtown area. (See what the New York Times ...

View More
Posted in Market Updates
Jan. 4, 2024

The Challenge of Buying and Selling a Home Simultaneously on Long Island

The residential real estate market is a complex dance, and many homeowners face the reality that they must both buy their new home and sell their current one simultaneously.  The coordination of a purchase and a sale is a daunting task, especially in New York. Whether you're upsizing ...

View More
Dec. 6, 2023

Suffolk County, New York Real Estate Market Update - November 2023

The Suffolk County real estate market remains highly favorable market for sellers.
Suffolk County Real Estate Market Snapshot November 2023


Limited Inventory
: Suffolk County currently has an absorption rate of 2.67. This means it would take approximately 2.67 months to sell all existing properties if no new listings were added. Over the past year, the Suffolk ...

View More
Dec. 6, 2023

Nassau County, New York Real Estate Market Update - November 2023

The Nassau County real estate market is still in strong seller market territory.



Limited Supply and High Demand: With a low 2.29 absorption rate (Months Supply of Inventory), the current market in Nassau County is characterized by a scarcity of available homes and a strong demand from buyers despite ...

View More
Nov. 6, 2023

October 2023 Suffolk County Real Estate Market Report


The Suffolk County real estate market continues to thrive in a solid seller territory despite the persistently high interest rates.

While the 30-year fixed mortgage rates remain in the high range of 7%, Suffolk County home prices maintain their steady ascent. Although the rate of increase has slightly decreased, the ...

View More