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Home Values On Long Island Go Up, Up, Up

Keith Srakocic
/
AP

Home values on Long Island saw the biggest rise last month in over 10 years.

According to Multiple Listing Service of Long Island, home values in Suffolk County this May were up almost 10.5 percent over last May.

In Nassau, home values were up just over 8 percent.

The median price of a home in Suffolk was $370,000-, and $519,000 in Nassau.

According to the Warren Group, the latest figures for Connecticut also show a rise, with a median price of $250,000 for April, a rise of almost 6.5 percent.

Terry Sheridan is a Peabody-nominated, award-winning journalist. As Senior Director of News and Education, he developed a unique and award-winning internship program with the Stony Brook University School of Communications and Journalism, where he is also a lecturer and adjunct professor. He also mentors graduate fellows from the Sacred Heart University Graduate School of Communication, Media and the Arts.