Long Island home sales rose sharply last month, while inventory continues to fall.
There were 3,306 homes contracted for sale in Nassau and Suffolk counties last month, according to preliminary numbers from OneKey MLS, 29 percent more than the 2,560 pending sales in February and 33.2 percent more than were contracted for sale a year ago.
Meanwhile, the number of homes listed for sale continues to shrink. There were 6,008 Long Island homes listed for sale with OneKey MLS as of Friday, 3,093 in Nassau and 2,915 in Suffolk. That’s down nearly 100 homes from last month and down 37.7 percent from the 9,643 homes listed for sale at the end of March 2020.
The number of homes currently listed for sale is about half of the 11,873 homes that were listed for sale in March 2019.