According to OneKey MLS, the closed median home price for Nassau, Suffolk, and Queens counties increased to $725,000 in December from $699.995 in December 2024. Year-to-year, home prices across our region have increased 3.600%
Available residential inventory continues to be the story. The number of homes on the market is down to just 7,749 homes -- a 14.10% drop from December 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/
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