Long Island Housing Data for September
As reported by MLSLI: The closed median home price on Long Island, which includes Nassau, Suffolk, and Queens, in September 2011 was $362,500 representing a 2.0% decline over the year prior. Nassau County reported a closed median home price of $410,000 representing no change from $410,000 reported in September 2010. Suffolk County reported a closed median home price of $318,000 compared to $331,750 in September2010. Queens reported a closed median home price of $345,000 representing a decline of 2.2% over last year%u219s home prices.
Contracted sales activity was slightly lower in September 2011 then in September 2010 and could
be attributed to the carry over affects of Hurricane Irene.
Additionally, housing affordability conditions have remained strong with an average 30 year
mortgage rates hovering around 4 percent. According to MSN Money, the 30-year rate is the
lowest since the government starting keeping track of it.
The Multiple Listing Service of Long Island released their detailed market data reports for the month September.
To see the detailed reports for each county, please click the county name below to view the PDF file.