Home Prices Up on Long Island

Long Island home prices increased on average during the third quarter, according to new numbers from appraiser Jonathan Miller.

The average price of a Nassau County home increased 5.7 percent from the second quarter through the third to $628,839. The average in Suffolk–not including the Hamptons or the North Fork–increased quarterly 3.8 percent to $469,331.

Sales, too, in both Long Island counties increased from the second through the third quarter. In Nassau, sales were up 15.5 percent; in Suffolk, 10.5 percent. But sales were down in both counties from the third quarter of 2006.

We covered the Queens housing market in the third quarter earlier today. Home Prices Up on Long Island