Introduction

Welcome to the latest real estate market report for Suffolk County, NY. Keeping up-to-date with current market trends is essential for both home sellers and buyers to make informed decisions. This report provides a comprehensive overview of market conditions, price analysis, sales trends, inventory levels, and expert tips from …

The Northport real estate market has shown remarkable dynamics in April 2024, with significant trends that indicate a robust seller's market. This comprehensive report provides an in-depth analysis of the key statistics and trends that are shaping the residential property landscape in Northport, New York.

Market Overview

Northport's …

Current Market Overview

Seller's Market Continues - Suffolk County remains a seller's market with significant demand outpacing supply. As of April 2024, the months of inventory stand at 2.81, indicating a competitive market for buyers. This represents a 7.9% decrease from the previous month and a substantial …

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 …

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 …

The Suffolk County real estate market remains highly favorable market for sellers.

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 …

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 …

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 …

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 …