Long Island realtors expect busy spring season as U.S. home sales fall
On Long Island, real estate agents say the market is "unique" and continues to be competitive.
U.S. home sales fell in March, signaling a possible slow start to the spring homebuying season.
But realtors say the market on Long Island is just getting more and more competitive with prices and inventory.
“The options are very, very little at the moment,” said Danny Lozano, of East Meadow.
Lonzano has been trying to purchase a home for more than a year.
“It’s been a little bit difficult to try to find some things in my price range on Long Island," he says.
After a year and a half of searching, Lozano only viewed one house.
“There was nothing within my price range,” he said.
Lozano hopes to remain on Long Island, but the lack of affordable listings has pushed him to consider other states.
“I’ve been looking at houses in Florida mostly now,” he said.
On Long Island, real estate agents say the market is "unique" and continues to be competitive.
“Buyers have to be prepared,” says Miriam Hagendorn, of Signature Premier Properties. “Long Island is a unique market. We really don’t see the same effects that the rest of the country do. So that’s a little different. It’s more competitive here.”
According to data from OneKey MLS, the median sale price for single-family homes in Nassau County reached $849,000 last month, marking a 4% increase from March 2025.
In Suffolk County, the median price rose to $700,000, up nearly 7% from a year earlier.
Hagendorn says the spring season is expected to bring even more activity.
“The prices have continued to go up, especially now in the spring market," she said. "We’re seeing a lot of activity. I think people were really holed up in their homes during the winter and they’re ready to buy a home."
For now, Lozano is renting.
“I’m fortunate enough to be able to rent and afford that,” he said.
