Long Island Housing Data for December
The closed median home price on Long Island, which includes Nassau, Suffolk, and Queens, in
December 2011 was $336,000 representing a 6% decline over the year prior. Nassau County
reported a closed median home price of $385,000 representing a 2.5% decline from $395,000
reported in December 2010. Suffolk County reported a closed median home price of $305,000
compared to $325,000 in December 2010. Queens reported a closed median home price of
$325,000 representing a decline of 8.5% over prices reported a year ago.
Housing demand continues to strengthen and buyers are active. The number of contracted sales
in December 2011 was 5.2% higher than in December 2010. This is a positive sign for the market.
Inventory is off by 9.9 compared to November 2011, but the available residential inventory figure
this month is only less than 1% compared to a year ago.
The Multiple Listing Service of Long Island released their detailed market data reports for the month December.
To see the detailed reports for each county, please click the county name below to view the PDF file.