Long Island Housing Data for May
The closed
median home price on Long Island, which includes Nassau, Suffolk, and Queens,
in May 2011 was $350,000 representing little change
from the closed median home price the year prior.
Nassau County
reported a closed median home price in May 2011 of $$399,000 representing a
1.0% increase from the prior year.
Suffolk County
reported a closed median home price of $315,000 compared to $316,500 reported
in May 2010.
Queens reported
the largest gain with a closed median home price of $340,000 representing an
increase of 6.3% over last May.
The number of
contracted sales transactions reported in May 2011 is significantly higher than
the year prior on Long Island and in all three counties. May 2011 pending sales contracted sales figures
are up dramatically from a year ago because they are being compared to May 2010
when pending sales had dramatically fallen off due to the April 30th
deadline
for prospective buyers to get homes under contract to qualify for federal tax
credit.
MLSLI reports
33,977 available residential properties in May 2011. This represents an
increase of 4.5% over May 2010.
Would you like to see
the detailed charts and market data for each county? The links below go to PDF
files.
Please
click on the county name.
(Works best with Internet Explorer)
Suffolk County data and charts