The Multiple Listing Service of Long Island, Inc. (MLSLI) released the 2015 year end housing figures for Long Island, which includes Nassau, Suffolk, and Queens Counties.   MLSLI reported a $390,000 closed median home price for Long Island in 2015.  The closed median home price represents a 5.1 percent increase over $370,900 reported for 2014. 

Suffolk County reported a year ending closed median home price of $330,000, which is 3.4 percent greater than $319,150 reported for 2014.  In Nassau County, the 2015 closed median price for a home was $438,000, representing a 3.1 percent increase from 2014.  Queens County experienced the largest increase in terms of 2015 closed median home prices with a reported figure of $418,000, which is 7.7 percent greater than 2014.

Long Island closed sales activity reported a total of 34,237, which is a 6.2 percent increase from 2014.  Long Island contracted sales activity in 2015 had a 12.6 percent increase from 2014, with a total of 37,367.

The 2015 Market Update Year End report is available at LIRealtor.com under the Research and Data section of the Member Area.