The Multiple Listing Service of Long Island, Inc. 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.
source: press release from Long Island Board of Realtors