By Hank Russell
After months of declines, home sales are on the way back up, even as the number of new and existing homes on the market continues to fall.
Nassau County home sales were up 5.8%, according to the New York Association of REALTORSⓇ (NYSAR). In July, 1,020 homes were sold, compared to 964 closings in July 2025. In Suffolk, home sales went up 4.7% to 1,377 last month from 1,277 in July 2025.
These increases in sales come at a time when there is still a lack of availability. Nassau saw a slight decrease of 0.8% in new listings from 1,228 in July 2025 to 1,218 last month, based on NYSAR data. In July, there were 2,726 homes for sale — a 4.4% decline from the previous July, when 2,852 homes were on the market.
Suffolk saw 1,596 new listings in July — down 5.8% from July 2025’s figure of 1,695, according to NYSAR. In addition, the number of homes for sale dropped 8.5% last month to 3,577 from 3,911 last year.
Both counties have also seen drops in inventories, NYSAR said. In Nassau, inventory dropped from 3.5 to 3.2 months year over year — an 8.6% decrease — while Suffolk also had a 3.2-month supply last month, which is down 11.1% from July 2025, when there was a 3.6-month supply. That is well below the state average of 3.8 months.
Not surprisingly, home sales prices continued to climb. According to NYSAR, Nassau’s median sales prices went up 3.9% from $830,000 in July of last year to $862,500 last month, while, in Suffolk, last month’s sales price was $718,000, which is 5.6% higher than last year’s price of $680,000. Both counties’ prices are higher than the statewide average price of $480,000.
Joe Moshé, the broker/owner of Charles Rutenberg Realty in Plainview, said the rise in prices and sales “both fall in line with the season we’re in and the inventory that we have. The fact that there’s very little inventory and [becoming] less indicates a seller’s market.”
Moshé noted that it is still “the buying season” as families are “wanting to move before the winter season.” This means that they are “willing to pay higher prices” to own a home.
He also said that baby boomers will “play a large part” in the real estate market, noting “an increase in inventory in the next couple of years. As each year goes by, the percentage of homes coming on the market from baby boomers will increase.”