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 of homes available for sale, indicating high demand in the market.

January 2024 Nassau County Housing Market Month Supply of Inventory

Next, we see that the 12-Month Change in Months of Inventory has decreased by a whopping 60.25%. This significant drop suggests that homes are selling at a faster rate than before, making it a competitive market for both buyers and sellers.

January 2024 Nassau County Housing Market Report Active Listings

Looking at the Median Days Homes are On the Market, we see that it is just 30 days. This short amount of time indicates that homes are selling quickly, further emphasizing high demand in the market.

January 2024 Nassau County Housing Market Report Days On Market

When it comes to the List to Sold Price Percentage, we see that it is at 100.5%. This means that homes are typically selling for slightly above the asking price, showing that sellers have the upper hand in negotiations.

January 2024 Nassau County Housing Market Report Sold Homes

Lastly, the Median Sold Price is $730,000, indicating a healthy market where homes are selling at a good price point.

January 2024 Nassau County Housing Market Report Median Sales Price

Overall, these metrics paint a picture of a fast-paced real estate market with limited inventory and high demand. Whether you're looking to buy or sell, it's important to stay informed and work with one of our Realtors to navigate these market conditions successfully. Happy house hunting!