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How’s the Long Island Real Estate Market 🏡 | September 2021
Welcome to the Nassau County Real Estate Market Update. This months report covers activity from August of 2021 compared to July of 2021.
Quick summary…. Properly priced homes are moving off the market extremely quickly. The current low interest rates, combined with extremely high demand has created a shortage of active inventory. Multiple offers and long lines at open houses are all too common and inventory levels continue to decline. There are now more real estate agents than there are homes for sale on Long Island (Insert your joke of choice here 😂).
Smart home sellers know that a well executed strategic plan is the key to not only getting their price, but guaranteeing any buyer is well qualified, all potential legal issues are properly addressed, and the timing of the closing meets their needs.
Nassau County Average Sales Price
July 2021 – $853,510
August 2021 – $875,750
increased 3%
Average Days On Market
July 2021 – 49
August 2021 – 46
decreased 6%
Average Pending Price
July 2021 – $821,517
August 2021 – $843,633
increased 3%
Sale to List Price Ratio
July 2021 – 100.50%
August 2021 – 100.35%
had no change 0%
Number of Sold Listings
July 2021 – 1235
August 2021 – 1357
increased 10%
Months Supply of Inventory
July 2021 – 2.6
August 2021 – 2.4
decreased 8%
Mortgage Rate
July 2021 – 3.04%
August 2021 – 3.04%
had no change 0%
Top Sales
1. $14,000,000- 144 Kings Point Road Great Neck, NY
2. $11,100,000- 235 Middle Neck Road Sands Point, NY
3. $5,500,000- 1450 Ridge Road Laurel Hollow, NY
4. $4,755,000- 514 E Shore Road Great Neck, NY
5. $4,700,000- 21 Wenwood Drive Brookville, NY
6. $4,450,000- 37 Piping Rock Road Matinecock, NY
7. $4,150,000- 6 Chestnut Hill Drive Upper Brookville, NY
8. $4,100,000- 825 Orchard Lane Muttontown, NY
9. $4,100,000- 82 Cove Road Oyster Bay Cove, NY
10. $3,825,000- 122 Windsor Gate Great Neck, NY
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Here at Dean Miller Real Estate, we believe in being the guide in your home shopping, purchase and buying processes. Our aim is to put you int he best position possible to become the hero of your story and achieve your dreams of having your perfect home.
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Dean Miller Real Estate is a modern day real estate agency who believes that the status quo is no longer acceptable in the real estate industry. Our goal is to help 10,000 families with their housing needs by the end of 2029 and will achieve this goal by building relationships, by continuously providing up to date information, while using the most cutting edge tools, systems and techniques to help their clients and agents achieve life changing results. Understanding the true needs of their clients is paramount to success.
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To contact us; 3330 Park Avenue, #4, Wantagh, NY 11793
Phone: 516-248-5007
Website: https://deanmillerrealestate.com/
Instagram: https://www.instagram.com/deanmillerrealestate
Facebook: https://www.facebook.com/deanmillerrealestate
LinkedIn: https://www.linkedin.com/in/deanmillerny
Twitter: https://twitter.com/deanmillerny
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Wantagh, Bellmore, Merrick, Seaford, Massapequa, Massapequa Park, Levittown, Garden City, Baldwin, Buyer Broker, Listing Agent, How to sell your home, Sell my home.
