According to OneKey MLS, the closed median home price for Nassau, Suffolk and Queens counties increased from to $580,000 in February to 583,000 in April. Year-to-year, however, this is a drop of 4.40% compared to March 2022.
Available residential inventory continues to be the story. There was a slight uptick from 9,400 units in February to 9,437 in March. Year-to-year, inventory is down 2.90% from March of 2022. To put these numbers in context, in March 2021 was the available residential inventory was 11,457 -- and that was a 22.5% drop from March 2020 (the onset of the pandemic). So, from a historical perspective our housing supply remains very low.
Source: https://www.onekeymlsny.com/market-statistics/
Housing Market Data: June 2022
