Home sales rose at the highest pace in 14 years last month, according to the National Association of Realtors.

Sales of existing homes were up more than 26.5% from a year ago.

More than seven in 10 houses were only on the market for less than a month before being sold in October. That has led to record low inventory and a jump in prices.

According to MLS, median home price in Suffolk increased by 16% and homes in Nassau rose by 10.3%