In June, the number of real estate listings rose by 18.7% compared with a year earlier, according to a new report by Realtor.com®. That’s the second straight month of growth, and the fastest rise on record since July 2017, when this data was first collected.
All told, this amounts to 98,000 more homes for sale every day compared with the same time last year. Granted, this record-setting growth has a long way to go before boosting the nation’s housing inventory levels back to where they were before COVID-19. Three years ago, in June 2019, there were 53.2% more homes on the market—more than double what’s available today.
In Nassau County for the month of June:
• New Listings increased 111% to 1158
• Pending Sales decreased 3.36% to 1063
• Inventory increased 11.4% to 1075