Long Island Real Estate Market Update – June 2026

The Long Island housing market continued to show remarkable resilience in June. While inventory remains well below historical norms across Suffolk and Nassau Counties, buyer demand continues to absorb available listings at a healthy pace. Queens presents a somewhat different picture, with a larger and more diverse housing inventory, yet demand remains strong enough to keep prices relatively stable despite shifting market conditions.

As always, it's important to remember that Long Island isn't one single market. Every county—and often every neighborhood—behaves a little differently. That's why understanding local trends is far more valuable than relying on national headlines.

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The Big Picture

Across the three counties, buyer activity remained strong throughout June. Pending sales increased in every county, suggesting buyers are continuing to write offers despite higher mortgage rates. Inventory, however, remains constrained on Long Island, especially in Nassau and Suffolk Counties, where months of inventory remain firmly within seller's market territory.

Although buyers have gained slightly more negotiating room than they had during the height of the pandemic market, well-priced homes continue to attract significant attention, particularly in desirable neighborhoods and popular price ranges.

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Suffolk County Market Snapshot

Suffolk County remained one of the strongest seller's markets on Long Island during June.

• Median Sales Price: $720,000 (▲ 5.9%)
• Closed Sales: 1,118 (▲ 2.1%)
• Pending Sales: ▲ 17.8%
• Inventory: ▼ 11.8%
• Months of Supply: 3.1 months

The continued decline in available homes, coupled with rising pending sales, tells us that demand continues to outpace supply. Homes that are priced appropriately continue to move quickly, and sellers are still receiving an average of 101.6% of their original asking price. 

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Nassau County Market Snapshot

Nassau County continued its steady appreciation while remaining one of the most competitive markets in the region.

• Median Sales Price: $850,150 (▲ 3.6%)
• Closed Sales: ▲ 0.6%
• Pending Sales: ▲ 8.4%
• Inventory: ▼ 5.9%
• Months of Supply: 3.3 months

Perhaps the most telling statistic is that sellers received an average of 100.9% of their original list price. That means many homes continue to sell at—or even above—asking price, despite higher borrowing costs than we've seen in recent years.

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Queens Market Snapshot

Queens remains one of the most unique housing markets in the region because it includes a mix of single-family homes, condominiums, and co-ops. While overall prices softened slightly year over year, buyer demand remains healthy.

• Median Sales Price: $600,000 (▼ 4.8%)
• Closed Sales: ▲ 1.1%
• Pending Sales: ▲ 24.0%
• Inventory: ▼ 5.0%
• Months of Supply: 6.4 months

One of the biggest stories coming out of Queens is the significant increase in pending sales. While prices eased modestly compared to last year, buyers were clearly active throughout June, suggesting continued confidence in the market despite changing economic conditions.

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What This Means for Buyers

The market is becoming a little more balanced than it was a few years ago, but it's far from being a buyer's market in most of Long Island. Inventory remains limited, particularly in Nassau and Suffolk Counties, meaning desirable homes continue to sell quickly.

Preparation remains one of the biggest advantages buyers can have. Having financing in place, understanding your budget, and being ready to act when the right home becomes available can make a significant difference in today's market.

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What This Means for Sellers

For homeowners considering selling, market conditions remain favorable. Low inventory continues to support home values, and many sellers are still receiving strong offers when their homes are properly priced and professionally marketed.

That said, today's buyers are becoming more selective than they were during the height of the pandemic market. Proper pricing, quality photography, thoughtful preparation, and a comprehensive marketing strategy matter more than ever.

If you're wondering what your home might be worth in today's market, a personalized market analysis will provide a much clearer picture than an online estimate alone.

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Looking Ahead

As we move further into the summer selling season, we'll be watching inventory levels closely. An increase in available homes could provide buyers with additional choices, while continued low inventory would likely keep upward pressure on prices in many communities.

Every local market tells its own story. Whether you're buying, selling, or simply keeping an eye on your home's value, staying informed is one of the best ways to make confident real estate decisions.

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