are-homes-going-to-keep-rising-or-fall
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https://www.newsday.com/business/coronavirus/home-prices-stabilizing-nassau-suffolk-1.50154601
Highlight:
Long Island home prices remain elevated compared to last year, but appear to have hit a plateau, according to Jim Speer, chief executive of the multiple listing service OneKey MLS.
In Suffolk County, homes sold for a median price of $475,000 last month, up 18.8% compared to last January, according to a OneKey MLS report released Monday. In Nassau County, median home prices hit $600,500 last month, increasing 13.4% from January 2020.
Prices seem to have held steady since late summer, after limited inventory and strong demand for suburban properties drove up costs, Speer said. In Suffolk, the median home price decreased 1.04% from December to January, while the median pending price of $470,000 remained flat or fell during four of the past five months, the OneKey MLS report shows. In Nassau, the median home price decreased 0.74% from December to January. The median pending price grew 2.48% from December to $614,900 in January, but Speer said that figure has otherwise hovered around the same number since September.
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https://www.youtube.com/watch?v=rzFlyg36SC0
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Created
1 year ago
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Language
video/mp4
English