The January 2018 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens’ housing data, was $440,000, representing a 4.8% increase over last year. Nassau County reported a $503,500 closed median home price in January representing a 6.0% increase over $475,000 reported by MLSLI last year. Suffolk County reported a closed median price of $359,000, which represents a 5.9% increase over a year ago. Queens reported a closed median home price of $547,000, representing an increase of 12.8% over $485,000 reported in January 2017.

The total number of Long Island residential inventory in January 2018 was 13,350 representing an 6.3% decrease over last year.

January 2018 Market Update reports for Nassau, Suffolk, and Queens Counties are available under the MLS Activity Reports section of Stratus.  The Market Update reports are also available at LIRealtor.com under the Research and Data section of the Member Area.