February 2014 Housing Stats

The closed median home price in February 2014 for Long Island, which includes Nassau, Suffolk, and Queens's housing data, was $350,000, representing a 3.8% increase over last year. Nassau County reported a $397,500 closed median home price in February, representing a 4.6% increase over $380,000 reported by MLSLI last February. Suffolk County reported a closed median price of $303,500 representing a 2.4% increase over last year while Queens reported a closed median home price of $373,750, up 13.6% from $329,000 reported last year.

The severe winter weather our area experienced in January and February has slowed down the pace of home sales. Contracted sales activity was off significantly from last February while closed sales transactions were close to the same as a year ago. As the weather begins to improve and we approach the spring selling season, we expect to see the pace of sales activity pick up and return to normal.

To see the detailed reports for each county, please click the county name below to view the PDF file.

Suffolk County

Nassau County

Queens County

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