The Long Island Multiple Listing Service Housing Market Report for February, 2011 shows substantial growth in sales activity from January 2011 – an increase of 14.2%. Both Nassau County (up 3.1%) and Queens (up 3.5%) showed increases in median selling prices from a year ago. Suffolk County lagged behind with a 7.7% decrease. However, the lower selling prices in Suffolk may reflect more activity in the lower price ranges – which may have changed the median price point from a year ago.
There’s definitely more activity in the housing market on Long Island – more buyer leads, higher attendance at open houses, more buyers looking to buy a home – rather than sitting on the fence. There’s opportunity out there with the lower housing prices and low interest rates – the Cost of buying a home is at an all time low.
View all Homes for Sale on Long Island MLS and Contact Cheryl Grossman 631-223-8549 or email: Team@LIagent.com.