What’s the Long Island housing market doing these days? One of the most common questions asked by today’s buyers and sellers.
Before you draw any conclusions, make sure to use the most accurate source for your information. Both accurate and reliable information is the only way to really know how the Long Island housing market is performing. Use sources such as the Multiple Listing Service of Long Island and Real Estate Professionals.
Here’s what the Multiple Listing Service of Long Island reports on how the market is performing for September 2013 versus a year ago Sept 2012.
- Long Island (Nassau, Suffolk & Queens): $370,000 was the closed median home price in September 2013. This represents 2.2% increase from 2012.
- Nassau County: $430,000 was the closed median price for September 2013. That’s a 3.4% increase over last September 2012.
- Suffolk County: $320,000 was the closed median price for Sept 2013. A 4.1% increase over Sept 2012.
- Queens County: $370,000 was the closed median price for Sept 2013 which is 1.3% lower than last September
Overall, prices have tipped slightly upward. However, the value of your home and the price it ultimately sells for is determined on a more local level with many additional items taken into consideration.
For the most accurate value of your home, please contact a Realtor in your area. Charles Rutenberg has over 900 agents all over Long Island and the metro area.
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