Home sales rise to new 14-year high

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

News 12 Staff

Nov 20, 2020, 11:53 AM

Updated 1,279 days ago

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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%


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