Same story, different month: Home sales on Long Island have cratered, but the prices have continued to go up, according to a recent report.
According to the New York State Association of REALTORSⓇ (NYSAR), home sales in Nassau County fell last month by 6.3% to 730 from 779 in November 2024. In Suffolk, 1,030 homes were sold last month; that is a 12.1% drop year over year. The previous November, there were 1,172 closings.
While home sales dwindled, prices continued to escalate. The median sales price in both Suffolk and Nassau went up 7.9%. In Suffolk, prices went up from $635,000 the November of last year to $685,000 last month. During that same time, Nassau saw prices go up from $755.000 to $814,999. That exceeds the statewide average price of $420,000, which is higher than in November 2024, when it was $400,000, according to NYSAR…