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Nassau County NY Real Estate Trends (November 2023)


Neal and Jay Modi

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The Nassau County real estate market in November 2023 showed signs of continued stability with some positive growth:

Key trends:

  • Median sale price: Increased 6.8% year-over-year to $710,000, indicating sustained value growth.
  • Median listing price: Up 7.6% year-over-year to $769,000. This suggests sellers are confident in the market.
  • Closed sales: Declined slightly compared to October 2023, with 789 transactions reported.
  • Pending sales: Remained relatively steady at 765.
  • Days on market: Continued to show a downward trend, indicating faster sales.
  • Selling conditions: Favorable for sellers, with homes selling at or near asking prices (sale-to-list ratio of 100%).

Additional insights:

  • Inventory: Lower compared to previous months, particularly for smaller homes (1-3 bedrooms), indicating strong demand.
  • Price per square foot: Increased steadily, reaching $454 for listings and $419 for sold homes.
  • Market: Considered a seller’s market due to limited inventory and high demand.

Here are some resources for further details:

Do you have any specific questions about the Nassau County real estate market or Long Island areas you’d like to learn more about? Call us at 1-800-222-NEAL or fill out the contact form.

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