Long Island Housing Prices Go Up, But Sales Stay Even

The Long Island housing market continues to grow, as data from the Multiple Listing Service for May shows.

As the weather gets warmer, more people tend to put their homes up for sale. And data from the MLSLI shows that home prices are going up.

May was a good month for Nassau, with the average price of homes increase compared to both last month and last year. In May, the median price of a home sold in Nassau was $530,000. That was up from April's price of $505,000, as well as May 2018, when the median price was $515,000.

The number of homes sold in Nassau remained pretty even year-to-year, but had a big increase from last month. There were 985 homes sold in May, a slight dip from last May when 995 homes were sold. But it was a big increase over April, which had 922 sales.

The median sale price this May in Suffolk was $390,000, which was a big increase from last May's price of $365,300. It was also an increase from April, where the median price was $380,000.

Suffolk's sales numbers were a bit of a mixed bag. They were down year-over-year, dropping from 1,415 in May 2018 to 1,359 this May. However, that was a big increase from last month, which saw sales of 1,230 homes.