Home prices in Nassau County continued their decline from their July peak.
The median price for all home prices in Nassau fell to $489,999 in November, down from $525,000 in July and a $499,995 in October.
There was a silver lining, however, in the year-to-year home price.
November’s median price was up almost $31,000 from November of last year, when the median price for a sold home was $459,000. Both single/multi family homes and condos have seen their prices increase year-to-year for two years straight.
The number of residential properties sold was down, both from the month before and from the year before.
The 995 residential family homes, condos and co-ops sold in November was down from 1,057 in November 2016 and 1,162 in October of this year. It was also the first time less than 1,000 properties were sold in a single month since April.
In each of the last two years, August was the most popular month for home sales.
The month-to-month news was better in pending sales, where the median sales price was $509,000 in November, a $20,000 increase from October and up from $466,500 last year. It also scrapes up against the $510,000 median pending sales price that lasted from April to June of this year and was the highest median price in at least the last two years.
In year-to-year comparisons, both single/multi family residential homes and co-ops saw increases from October 2016 and 2015 while condos saw a slight drop.
Pending sales were also down from the month before — 1,001 in November compared to 1,150 in October — but up slightly from 966 in November of 2016.
