Long Island Housing Data for July
The housing report for July is similar to the report for June. As reported by the Multiple Listing Service of Long Island: The closed median home price on Long Island, which includes all home types in Nassau, Suffolk, and Queens, in July, 2011 was $360,000 representing a 4% decline over the closed median home price reported the year prior. The good news 2,222 sold in July 2011, an increase of 11.5% over July 2010.
Both Nassau and Suffolk counties reported slight declines in terms of residential home prices (excludes condo, co-op and townhomes) in July, whereas Queens reported an increase.
Nassau County reported a closed median residential home price of $423,250 representing a 4.8% decrease from the same month of the prior year.
Suffolk County reported a closed median residential home price of $320,500 compared to $349,999 reported in July 2010.
Queens reported a closed median residential home price of $460,000, which is 1.7% higher than $452,500 reported a year ago.
The number of contracted sales transactions reported in July 2011 has increased significantly compared to contract sales activity reported a year ago. Nassau, Suffolk, and Queens have all reported a 5.6% gain in the number of monthly contracted sales this month compared to July 2010.
The Multiple Listing Service of Long Island released their detailed market data reports for the month July.
To see the detailed reports for each county, please click the county name below to view the PDF file.