Last month’s residential real estate results showed home price increases in both counties, exceeding the statewide average. Based on the numbers, one real estate expert urged prospective home buyers and sellers to make their move.
According to data from the New York State Association of REALTORS® (NYSAR), the median sales price in Nassau rose 4.2% from $737,750 in April 2024 to $769,000 last month, while Suffolk’s home prices went up 8.2%; this year’s price was $654,500, while the previous year’s price was $605,000, according to NYSAR. Both counties exceed the statewide median price of $425,000 — an increase of 3.7%, which is less than either county’s percentage.
There were 660 homes sold in Nassau County in April — up 3.0% from the same month last year, when there were 641 closings, according to NYSAR. In Suffolk, the number of homes sold fell by 2.9% last month to 896 from 923 in April 2024. However, both counties outperformed the state, percentage-wise, which saw a 6.2% decline…