Market Updates

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 …

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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 number …

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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 …

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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 …

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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, downsizing, or …

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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 …

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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 …

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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, …

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Nov. 3, 2023

October 2023 Nassau County Real Estate Market Report

The Nassau 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%, Nassau County home prices remain strong. Although the rate of increase has slightly decreased, the …

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Oct. 23, 2023

September 2023 Suffolk County Real Estate Market Report

In Suffolk County, the median sale price for residential properties reached $595,000 in September 2023, marking an 8.2% increase from the previous year's reported price of $550,000 on the MLS. The number of closed and pending residential transactions in September 2023 were 1,136 and 1,091 respectively. This is a decrease …

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