Long Island Home Prices Fall From Summer Highs
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Long Island’s housing market has slipped from record highs reached in September as mortgage rates climb.
The median price in Nassau County rose to about eight hundred thousand dollars in June, while Suffolk County’s median hovered near seven hundred twenty‑five thousand dollars. Yet inventory remains tight, and sellers are gradually lowering asking prices to attract buyers.
The trend reflects broader affordability pressures and a shift in buyer sentiment, with many homeowners opting to stay put or sell at reduced prices rather than wait for a rate drop. The market’s cooling may ease pressure on new buyers but could also dampen local construction and related services.
Timeline
- On December 22 2025 Prices unlikely to fall, waiting for rate drop may save.
- On April 1 2026 Long Island average sold price $680,000 in Suffolk, $830,000 in.
- On June 16 2026 Nassau median home price reaches $890,000 record.
Sources
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