The July 2018 closed median home price for Long Island, which includes Nassau, Suffolk and Queens’ housing data, was $477,250 representing a 6.1% increase over last July. Nassau County reported a $540,000 closed median home price in July representing a 3.8% increase over $520,000 reported by MLSLI last year. Suffolk County reported a closed median price of $390,000, which represents a 6.8% increase over $365,000 reported a year ago. Queens reported a closed median home price of $584,000 representing an increase of 10.2% over $530,000 reported in July 2018.

The total number of Long Island residential inventory in July 2018 was 17,711 representing a 2.7% increase over last year.

July 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.