Category Archives: Long Island Home Sales

Foreclosures in Long Island Stay Above National Average

According to a recent article in Newsday, new foreclosure cases on Long Island are spiking, even as the mortgage crisis fades in the rest of the United States. The article states that although home values are on the rise — suggesting a housing rebound on the Island — lenders filed 12,271 initial foreclosure cases in […]

Long Island Home Prices Rise As Supply Goes Down

Newsday recently reported that the supply of Long Island homes for sale has reached its lowest level in at least two years. The median sales price rose by 8.7% in Suffolk County to $347,750 and, in Nassau County, the median sales price increased 2.3%, to $445,000. August marked six straight months of year-over-year home sale […]

Long Island Home Sales and Prices Show Signs of Strength in March

Multiple Listing Service of Long Island (MLSLI) reported today that, in Suffolk County, 698 residential properties were sold last month, up from 632 in February. Pending home sales, meanwhile, soared from 896 in February to 1,101 in March. Last month’s pending sales were 12.6% higher than they were 12 months ago, when there were 978 […]

Long Island Home Sales Rise in December As Prices Drop

Multiple Listing Services of Long Island recently reported that there were 2,368 closings in December 2012 — a 25.7% jump over November’s figure of 1,885 and 7.5% higher year over year when there were 2,202 closings in December 2011. There were also 1,928 pending sales in December, compared to 1,838 in November (a 4.9% increase), […]