The number of Long Island home sales continued to climb last month, as inventory increased slightly.
There were 3,528 homes in Nassau and Suffolk counties contracted for sale in June, up 2.8 percent from the 3,431 homes contracted for sale in May and an increase of 5.7 percent from the 3,339 pending homes sales in April.
Last month’s pending home sales also outpaced those of a year ago. The number of homes contracted for sale last month was nearly 7.4 percent higher than the 3,286 homes contracted for sale in June 2020.
There were 1,646 homes contracted for sale last month in Nassau and 1,882 homes contracted for sale in Suffolk.
Meanwhile, the number of homes listed for sale continues to inch ahead. There were 7,404 homes—3,804 in Nassau and 3,600 in Suffolk—listed for sale with OneKey MLS at the end of last month. That’s 5.1 percent more inventory than the 7,044 homes that were listed for sale at the end of May.
Since inventory bottomed out with 6,008 Long Island homes listed for sale at the end of March, the number of homes listed for sale has risen by nearly 23.3 percent.
However, the inventory of available homes listed for sale still pales from a year ago. The 7,404 homes listed for sale at the end of June 2021 is 32.3 percent fewer than the 10,937 homes that were listed for sale at the end of June 2020.