Real Estate Long Island NY
Helena Gentile

Long Island November Housing Data 2017 (Including Queens)

Dec 13, 2017

The November 2017 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, was $435,000 representing an 8.8% increase over last year.

Nassau County reported a $489,999 closed median home price in November, representing a 6.8% increase over $459,000, reported by MLSLI last year. Suffolk County reported a closed median price of $355,000, which represents a 6% increase over a year ago. Queens reported a closed median home price of $571,000, representing an increase of 21% over $471,800 reported in November 2016.

The total number of Long Island residential inventory in November 2017 was 14,827 representing an 8% decrease over last year. The current months of supply is 4.7 compared to 5.3 in November 2016.

The months of supply is the measure of how many months it would take to exhaust the current number of homes on the market to sell.

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Helena Gentile

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Charles Rutenberg Realty

255 Executive Drive Suite 208 Plainview, NY 11803