The December 2017 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens' housing data, was $440,000 representing a 7.3% increase over last year.
Nassau County reported a $499,000 closed median home price in December representing a 6.4% increase over $469,000 reported by MLSLI last year. Suffolk County reported a closed median price of $365,000, which represents a 9% increase over a year ago. Queens reported a closed median home price of $550,000, representing an increase of 16.2% over $473,500 reported in December 2016.
The total number of Long Island residential inventory in December 2017 was 12,770 representing an 7.1%% decrease over last year.
December 2017 Market Update reports for Nassau, Suffolk, and Queens Counties are available under the MLS Activity Reports section of Stratus.