Long Island Housing Data for August 2018

Sep 12, 2018

The August 2018 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens’ housing data, was $485,000, representing a 9.0% increase over last August. Nassau County reported a $550,000 closed median home price in August representing a 7.4% increase over $512,000, reported by MLSLI last year. Suffolk County reported a closed median price of $405,000, which represents a 9.2% increase over $371,000 reported a year ago. Queens reported a closed median home price of $615,000, representing an increase of 15% over $535,000 reported in August 2018.

The total number of Long Island residential inventory in August 2018 was 17,405, representing a 4.6% increase over last year.

August 2018 Market Update reports for Nassau, Suffolk, and Queens Counties are available under the MLS Activity Reports section of Stratus. The Market Update reports are also available at LIRealtor.com under the Research and Data section of the Member Area.