Nassau housing sales continue year-to-year improvement

The front of the Valentine-Losee house, a historic 1758 on sale for $999,999 (Photo courtesy of Linda Wohl).

The median price for houses sold in Nassau County was down from March to April, but prices were up from a year ago.

The median sales price for residential units in the county was $495,000 last month, a $7,500 drop from March but up $20,000 from April 2017, according to the Multiple Listing Service of Long Island.

Every month in the past year has seen median prices for sold properties increase over a year ago. But the $20,000 increase was the smallest increase during that period, both in terms of percentage and money.

The 810 residential properties sold in Nassau was the lowest number since February. Despite the drop from 918 in March, the number of properties sold was nonetheless up from 785 in April 2017, which was the lowest amount of units sold of any month that year.

Both were trending upward for median pending sales prices in Nassau.

The median of $515,000 was up $5,000 from both March 2018 and April 2017. But like the median price for properties sold, that year-to-year increase was the smallest in terms of money and percentage of any month in the past year. Part of this is due to the fact that single/multi-family homes — which make up a majority of pending sales — are only up $3,500.

The number of residential properties for sale continued to climb in April after bottoming out in January. The 1,254 properties for sale is up from 1,191 in March and 800 at the beginning of the year. It was also up from 1,176 from a year ago.

The median sales price for neighboring Suffolk County was $363,750 in April, increases from both the month and year before. Perhaps pushing up the price was that the number of properties sold (1,040) was down from March and from April 2017.

The median pending sale price was $370,000, up $2,250 from the month before and $18,000 from April 2017. This comes even as the number of pending sales increased to 1,670, up from 1,559 a year ago.


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