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Long Island is the toughest place in America to sell a house
New York Post • • business
Key Points:
- Long Island has emerged as the strongest seller’s market in the U.S., with Nassau and Suffolk counties experiencing a 36.2% surplus of buyers over sellers, driven by high demand for proximity to Manhattan.
- Unlike most of the country, where 39 of the 50 largest metros are buyer’s markets, Long Island and several surrounding suburbs near New York City remain highly competitive for sellers, with homes priced right selling quickly.
- Redfin agents report increased interest from multi-generational families seeking larger homes with outdoor space, and buyers are willing to compete fiercely, as seen in multiple-offer scenarios and strong attendance at open houses.
- Northern New Jersey also shows seller’s market conditions in certain suburban areas, particularly for single-family homes, while condos in urban centers like Jersey City see more balanced inventory levels.
- Experts advise sellers to price homes realistically and maintain excellent presentation to attract buyers, who are encouraged to get preapproved and act quickly to succeed in these competitive markets.
