AS SEEN ON BEHIND THE HEDGES
As the summer season is in full swing, we asked top Long Island agents what they currently see in the market. How has the inventory been as of late, and what type of effect is that having on your business?
Sheri Winter Parker
THE CORCORAN GROUP
MATTITUCK
With summer in full swing, I am seeing a noticeable increase in inventory, including new construction, similar to what I observed last year. Despite an increase in significant price reductions, home values remain high post-COVID. Home prices on Long Island are setting records this year, with closed median sales prices up across the area, including a 13.3% increase in Suffolk County over 2023, according to a statistic from the Long Island Business News. It’s still a great time to buy and a great time to sell!
By Taylor K. Vecsey
