The October 2018 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens’ housing data, was $465,000 representing a 5.7% increase over last October. Nassau County reported a $525,000 closed median home price in October representing a 5.2% increase over $499,000 reported by MLSLI last year. Suffolk County reported a closed median price of $389,360, which represents an 8.2% increase over $359,999 reported a year ago. Queens reported a closed median home price of $572,500 representing an increase of 2.2% over $560,000 reported in October 2018.

The total number of Long Island residential inventory in October 2018 was 17,340 representing a 10.8% increase over last year.

October 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.