This is the update for Long Island home prices for the month of March 2023.
Long Island Home Prices
This episode of the Housing Expert’s Podcast features some pretty clear evidence of how home prices are still trending higher, both Year-over-Year and Month-to-Month!
While that’s happening, prices on Long Island, mainly in Suffolk County, are also being impacted by higher mortgage rates.
Here’s the Youtube Short that I mentioned in the video that talks about the impact of low mortgage rates on the housing supply now and moving into the future.
What This Podcast Info Means To You
Home Buyers
Pay close attention to the shift in the market. Click here for homebuying tips in 2023.
Home prices, as of now, are not showing signs of “crashing” by any means. Are they slowing down? Yes, but very slowly and it’s uncertain if they’ll actually “go down”.
So many changes, tune into my My Youtube Shorts to get the latest updates and insights on the housing market!
Homeowners
Contact me for a full and complete market analysis of your home value now so you can compare it to if/when you decide to sell.
If you have any plans to sell within the next 1-2 years, knowing where prices are now and being able to compare them to when you actually make the move, will help you understand the market dynamic in the future.
Also, continue listening to the podcast for monthly updates. If you’d like a Complete Home Market Analysis and a Monthly Market Activity report emailed to you, please request here.
Investors
The key to continuing to do deals is making sure your costs are competitive and you can continue to get deals as more investors pay higher prices due to continuing low inventory.
Also, your comps can’t be general so while you are reading about Long Island home prices, that may not be helpful when you’re comping a home in a specific town.
Contact me if you need numbers on a deal you’re looking at now. Text (631)831-9048.
Thanks so much for listening to the podcast. Feel free to share this information with a friend!
If you’d like – book an appointment online with me or call/text me at (631)831-9048.
Follow me at Linktr.ee/TomMcGiveron – Thanks.
