Suffolk County 2019 Mid-Year Report
As of June 30th, Suffolk County saw an 11% decrease in sales. The first half of 2019 saw 3,708 home sales compared to 2018 when 4,167 total homes were sold.
Prices increased by 11.1%, now up to $787,855 in 2019 compared to $709,115 in the first half of 2018.
Homes Listed in Suffolk County:
From January 1st to June 30th, there were 5,769 homes listed on the market, a 5.3 % increase when compared to the same date range in 2018 which had 5,478 homes placed on the market.
Homes Pending in Suffolk County:
From January 1st to June 30th, there were 4,351 homes that went pending (contract accepted) down .1% compared to 4,356 within the same date range in 2018.
The Suffolk County market has been relatively consistent with the 2019 Mid-Year Report with an increase in prices and a decrease in sales. With more listed homes and fewer homes placed under contract, it makes sense that sales are down. Sellers should reconsider their list price if they want to attract serious buyers.