The Suffolk County real estate market remains strong, but there are signs of a more balanced environment emerging as we head into the summer months. For both buyers and sellers, understanding the latest trends can help you make more informed decisions in a market that’s still competitive—but shifting.

📈 Inventory Is Rising Slightly, But Still Tight

As of May, Suffolk County recorded 3.14 months of inventory, a slight 1.9% increase from the previous month. While still firmly in seller’s market territory (typically defined as under 4 months of supply), the small uptick signals that more homes are hitting the market, giving buyers a little breathing room—though not much.

💰 Prices Remain Resilient

The median sold price hit $695,000, up 2.2% from April. Over the past 12 months, estimated property values in Suffolk have increased by 7.5%, showing continued confidence in the local market despite broader economic questions. Homes are selling at 102% of asking price on average, indicating that well-priced properties are still seeing multiple offers and strong buyer interest.

⏱ Homes Are Moving Quickly

The median days on market dropped to 28, down over 15% month-over-month. Buyers are acting fast, and any home that’s properly priced and presented is getting scooped up quickly.

🧾 Listings Volume Is Increasing

May saw a total of 1,632 new single-family listings, a 4.2% increase over April, with a median list price of $729,999. This trend may continue as more homeowners try to capitalize on high equity and favorable selling conditions.

🧠 What This Means for You

If you’re a homeowner considering selling, this is still an excellent window. Buyer demand is strong, home values are up, and many sellers are achieving full price or better.

If you’re a buyer, competition remains—but increasing inventory could make this summer more manageable than last year. It’s still essential to be pre-approved and move quickly when the right home appears.

📲 Have questions about your home's value or what buying looks like in this market?
Call or text me directly at 631-682-4900, or email [email protected]. I’m happy to offer honest advice based on your goals—no pressure, just perspective.