In my previous article about Long Island home prices, I discuss how prices may not go down too much in 2023.

Get The Scoop on Long Island Home Prices

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Podcast Highlights

• Available inventory is well below seasonal norms in all 3 counties
• Average home price in Suffolk County is flat (no longer increasing)
• Pace of contracts is way down

What This Podcast Info Means To You

Home Buyers

I’m going to be going into a deep dive on the difference between buying a home in 2021-2022 vs buying in 2023. The market has shifted and even though prices aren’t going down, they’re no longer going up.

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 Monthly Market Activity report emailed to you, please feel free to sign up.

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.