Thursday 23 July 2020

Home prices set new records as inventory falls across Long Island

Long Island homes sold at record-setting prices last quarter as areas of the tri-state saw increased attention from New Yorkers fleeing the city. In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter and 27 percent year over year, according to the latest Elliman report. The median price is the highest recorded in over eight years of tracking by the real estate company. And the average sales price increased



source https://therealdeal.com/2020/07/23/home-prices-set-new-records-as-inventory-falls-across-long-island/

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