The closed median home price in July 2015 for Long Island, which includes Nassau, Suffolk, and Queens housing data, has climbed to $400,000 representing a 5.3 increase over last year.
Nassau County reported a $456,500 closed median home price in July, representing a 4.9% change over $435,000 reported by MLSLI last year. Suffolk County reported a closed median price of $339,900, which represents a 32.2% increase over a year ago. Queens reported a closed median home price of $420,000, which represents a 9.1% increase over last year.
The total number of Long Island available residential inventory was 23,262 representing a 3.4% decline over last July.
Source: The Multiple Listing Service of Long Island
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