According to OneKey MLS, the closed median home price for Nassau, Suffolk, and Queens counties increased to $740,000 in June from $700,000 in August 2024. Year-to-year, home prices across our region have increased 5.700%
Available residential inventory continues to be the story. The number of homes on the market is down to just 10,347 homes -- a 3.70% drop from August 2024 . To put these numbers in context, the available residential inventory in March 2021 was 11,457 -- and that was a 22.5% drop from March 2020 (the onset of the pandemic). So, from a historical perspective, our housing supply remains very low.
Source: https://www.onekeymlsny.com/market-statistics/
5 Essential Fall Tasks to Protect Your Home and Peace of Mind:
