According to OneKey MLS, the closed median home price for Nassau, Suffolk and Queens counties increased to $583,000 in March from $580,000 in February 2023. 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 to 9,437 in March, from 9,400 units in February. Year-to-year, inventory is down 2.90% from March of 2022. To put these numbers in context, the available residential inventory
in March 2021
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/
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