This article has been updated to include quotes from Joe Moshé.
By Hank Russell
Nassau and Suffolk County home prices have risen again, with Nassau’s sales price reaching nearly $850,000.
According to the New York State Association of REALTORSⓇ (NYSAR), Nassau’s median sales price last month was at $849,000. That is up 4.7% from the previous August, when it was $811,000. The median sales price in Suffolk also went up 5.2% from $651,000 in August of last year to $685,000 in August 2025.
The median sales prices in both counties exceeded that in New York. In August, the median sales price was $460,000, which is 5.7% higher than the previous August, when it was $435,000, according to NYSAR. The median sales price yield to date was $434,458 — a 4.7% rise over the first eight months in 2024, which was $415,000.
Home sales in Nassau went up slightly year over year by 1.3%. There were 1.037 closings this past August, whereas 1,024 homes were sold in August 2024. In Suffolk, August’s home sales declined 6.6%, with 1,300 closings. In August 2024, there were 1,392 homes for sale.
In Nassau, home availability was an issue. There were 6.5% fewer new listings last month. There were 997 new listings, down from 1,066 the previous August. Additionally, there was a 5.3% drop in homes available for sale — from 2,650 in August 2024 to 2,509 in August 2025. Inventory also declined 6.3% from 3.2 months to 3.0 months.
Suffolk’s home availability numbers were mixed. Last month, there were 1,458 new listings, which was 3.1% off from August 2024’s figure of 1,505. The number of homes for sale was up, albeit slightly, from 3,484 to 3,510 — an 0.7% increase. Inventory was unchanged at 3.2 months.
Both counties had lower inventories than the state. Throughout the state, there is a 3.5-month supply; in August 2024, there was a 3.3-month supply, which is 6.1% lower than this year’s figure.
Joe Moshé, the owner and broker of Charles Rutenberg Realty, Inc. in Plainview, said the lack of inventory on Long Island “once again shows a clear indication that what happens here in New York does not reflect national figures,” and “once again will keep home prices high.”
The Federal Reserve recently cut interest rates by 0.25%, but if the Fed lowers interest rates again, Moshé said, “that may precipitate more movement of homeowners to relocate, which will increase the inventory. At that point, home sales should dramatically increase.”