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Home prices rise in Nassau, fall in Suffolk
Home prices ticked up in Nassau County last month even as they fell slightly in Suffolk County, according to a new report from the Multiple Listing Service of Long Island.
The median home in Nassau sold for $417,000, an increase of 1.5 percent compared to last September, the service reported. The median home price in Suffolk County fell to $310,000, a year-over-year drop of 1.4 percent.
Sales activity fell in both counties. There were 831 closings in each county, a year-over-year drop of 4.8 percent in Nassau and 1.2 percent in Suffolk.
The number of homes going into contract in Nassau County rose by 15.2 percent, to 766. The median price of a pending home sale in the county was $399,000, a rise of 6.4 percent compared to last September.
Suffolk County also saw an increase in the number and price of homes going into contract. There were 842 contracts signed, 7.5 percent more than in September 2011, and the median contract price was $307,200, an increase of 2.4 percent.