Saturday, January 11, 2020 / by Michael Axelrad, GRI
newsday.com — Long Island home prices surged last month, driven up by scarce inventory. In Suffolk County, homes traded for a median closed price of $415,000 in December, up 10% from a year earlier, the Multiple Listing Service of Long Island reported Friday. Nassau County’s median sale price increased by 4.5% year-over-year, to $538,000. The number of closed sales increased annually by 1.7% in Suffolk and 4.1% in Nassau, the listing service reported.