As bidding wars, minimal inventory and high prices have pushed buyers out of the Long Island housing market, hope for new supply may finally be emerging. In Nassau and Suffolk counties, excluding the East End, sales have slowed as the median sale price reached $605,000 in the second quarter, up 9 percent in a year. Bidding wars accounted for 6 of 10 sales during the quarter, according to a report for Douglas Elliman by Miller
Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Cross Post, Home Page, Residential Real Estate, Douglas Elliman, home sales, jonathan miller, long island, north fork, The Hamptons The Real Deal New York Read More