According to OneKey MLS, the closed median home price for Nassau, Suffolk and Queens counties increased to $728,000 in June from $687,000 in June 2024. Year-to-year, home prices across our region have increased 6.00%
Available residential inventory continues to be the story. The number of homes on the market is down to just 10,244 homes -- a 4.80% drop from June 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/
Housing Market Data: March 2023
