August 09, 2025
As we reflect on the first quarter of 2025, one thing is clear: Long Island’s real estate market is anything but sleepy. From Fire Island to the North Fork, across Nassau and Suffolk counties, brokers are seeing the effects of low inventory, buyer urgency, and shifting investor strategies.
While interest rate uncertainty continues to hang over the market, activity is strong and optimism is growing heading into the summer.
On Fire Island, traditionally quiet in Q1, showings and rental bookings are up year over year. Inventory has slightly increased, giving buyers more options for the first time in a while. This could set the stage for a busy season, especially with Wall Street bonuses and a strong Hamptons Q1 acting as leading indicators for luxury beach markets.
In Nassau County, buyer demand remains high. Sales volume rose 5% year-over-year, and the median home price jumped 9% to $770,000. Inventory rose by 20%, offering some breathing room but not enough to offset the pressure.
Homes that are priced right are still moving quickly and often spark bidding wars. A similar tone rings true in Sea Cliff, where Nassau’s median home price hit $795,000 and inventory continues to lag behind buyer interest.
In Suffolk County, the market is arguably even hotter. Prices surged 13.3% year-over-year, and buyers are shifting eastward in search of affordability and lifestyle. Areas like Riverhead and Patchogue are seeing more interest, while decision timelines are stretching out a bit — a sign that buyers are being more cautious in this evolving market.
On the North Fork, things are booming. Sales jumped 17% in Q1, and sellers are pricing thoughtfully. With $62M in new listings already taken on this year, agents are seeing movement at all price points. Real estate remains a safe haven for those pulling out of volatile stock positions.
The South Shore market also came out of the gate strong. Despite ongoing questions about rates and inventory, agents are reporting their busiest Q1s yet — thanks in large part to creative strategies and a willingness to meet buyers where they are. Areas with strong amenities and perceived long-term value are winning.
In Roslyn, high rates have thinned out casual buyers, but serious ones — especially cash buyers — are still active. New construction in lower-tax zones under the $1M mark is drawing interest, and the luxury market is holding firm with bidding wars and strong seller leverage.
Overall, Long Island continues to prove its resilience. While affordability and inventory remain pressure points, there’s no denying the buyer demand is there — especially in desirable coastal and suburban pockets. If mortgage rates stabilize, expect that pent-up energy to fuel a competitive Q2.
For buyers and sellers alike, success in this market comes down to preparation, positioning, and local expertise. If you're planning to make a move, this is not the time to go it alone.
Disclaimer: This content is meant for informational purposes only and is not intended to be construed as financial, tax, legal, or insurance advice.
