Sales activity in Long Island’s housing market in February saw a 15.7 percent drop from last year, according to OneKey MLS.
Nassau County fared slightly better, with sales of houses, condominiums and co-ops falling 15.1 percent from February 2021.
The numbers are the lowest in the county since the summer of 2020.
The median price of homes has jumped for residential properties in Nassau. The median price in February was $650,000, an 8.5 percent increase from $599,000 in the same month last year.
Single and multifamily homes had an average price of $675,000 in February, an increase from $608,000 in February 2021.
The median price of co-ops in Nassau increased to $285,000 in February from $277,500 in February 2021. The median price of condominium properties sold was $638,000, an increase from $625,000 in the same month last year.
In Suffolk, the median price of all homes sold was $527,000, a 10.9 percent increase from $475,000 in February 2021, and its highest point since August.
Queens reported a median home price of $680,000, a 7.1 percent increase from $635,000 reported last February.
The median home price for Long Island was $600,500, a 9.20 percent increase from last year and a 0.08 percent rise from January, according to OneKey MLS.
