Home prices in Nassau got a little bump in April -- the closed median sales price rose 2.8 percent, from $395,000 last April to $406,250 this April, the Multiple Listing Service of Long Island reported Tuesday. For the year, Nassau’s median was $409,208 -- up 4.7 percent from $402,875 in 2010.
Suffolk saw an 8.6 percent decrease in closed median home price for April -- from $318,000 to $290,750 – and a 0.7 percent dip for the year.
Each county had a 21 percent decrease in contract sales for the year – in Nassau, that number fell from 10,846 to 8,572, and in Suffolk it declined 11,886 to 9,353. The number of closed sales was also down for the year in both counties. The number dropped from 9,885 to 9,031 in Nassau – an 8.6 percent decline. In Suffolk, that number also had an 8.6 percent decline – from 10,716 last year to 9,796 this year.
However, a number of sales originally planned for 2011 may have been hurried along to meet the 2010 tax credit deadline, skewing the data.