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If you are thinking about buying or selling real estate on Long Island or here in Nassau County, it’s important to understand the current market trends.
According to OneKey MLS, the marketplace for Nassau County residential properties, in May 2021 versus April 2021:
1. The Number of SOLD listings decreased by 16% to 887 properties compared to the previous month, with a top sale of $7,000,000 at 200 Sunset Road Oyster Bay Cove, NY
2. The Average Sales Price decreased by 1% to $794,786 and the Average Pending Price had no percentage change $867,775 .
3. The inventory of properties available for sale measured in months supply decreased by 27% to 1.9 months worth of properties for sale.
4. Mortgage rates decreased with the 30 year fixed rate average down 1% to 3.16% according to Bank Rate.com
If you’re buying or selling real estate, it’s important to seek the guidance and advice of a professional.
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Nassau County
Average Sales Price
April 2021 – $804,656
May 2021 – $794,786
decreased 1%
Average Days On Market
April 2021 – 73
May 2021 – 67
decreased 8%
Average Pending Price
April 2021 – $864,105
May 2021 – $867,775
had no change 0%
Sale to List Price Ratio
April 2021 – 98.93%
May 2021 – 99.01%
had no change 0%
Number of Sold Listings
April 2021 – 1053
May 2021 – 887
decreased 16%
Months Supply of Inventory
April 2021 – 2.6
May 2021 – 1.9
decreased 27%
Mortgage Rate
April 2021 – 3.20%
May 2021 – 3.16%
decreased 1%
Top Sales
1. $7,000,000- 200 Sunset Road Oyster Bay Cove, NY
2. $4,500,000- 29 Meadowood Lane Brookville, NY
3. $4,500,000- 9 Lighthouse Road Sands Point, NY
4. $4,337,777- 5 Vanderbilt Drive Sands Point, NY
5. $4,250,000- 14 Elmhirst Drive Old Westbury, NY
6. $3,950,000- 181 Cedar Knoll Drive Sands Point, NY
7. $3,780,000- 58 Nassau Drive Great Neck, NY
8. $3,525,000- 10 Evans Drive Brookville, NY
9. $3,300,000- 21 Pheasant Run Great Neck, NY
10. $3,240,000- 203C W Shore Road 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.
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.
To contact us; 3330 Park Avenue, #4, Wantagh, NY 11793
Phone: 516-248-5007
Website: deanmillerrealestate.com
Instagram: https://www.instagram.com/deanmiller.ny
Facebook: https://www.facebook.com/deanmillerrealestate
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