Demand Up, Supply Down For Long Island Homes

• Photo: This home on Vernon Street in Plainview sold for $378,000 in April.

More people are buying homes on Long Island this year compared to 2015, but a limited supply of homes on the market continues to plague the region.

In April, there were 796 homes sold in Nassau, a 9 percent increase over April 2015, according to the Multiple Listing Service of Long Island. The median sale price in Nassau was $445,625, a 3.3 percent year-over-year increase from $431,500.

In Suffolk, 979 homes were sold in April, also a 9 percent increase over last year. But the median sale price for Suffolk homes fell from $315,000 to $310,000, a 1.6 percent decrease.

Long Island-wide, the median home sale price was $385,000 in April, compared to $375,000 last year.

The total number of Long Island residential properties on the market in April was 19,075, the MLSLI said. That's a 12 percent decrease from a year ago.

Find MLSLI's full April reports on its website here.