Story perspectives

Long Island Homebuyers Face Tough Market Despite Gains

9/6/2025

Summary

Story summary

U.S. homebuyers are gaining negotiating power, yet Long Island remains a strong seller's market with 40.5% more buyers than listings.
Nationwide, sellers outnumber buyers by 36%, the largest gap since 2013, particularly in Florida and Texas.
Long Island's high demand stems from limited new construction and a robust job market.
Rising interest rates and lengthy approval processes slow new building in the Northeast.
As summer ends, motivated buyers may face competition and affordability challenges.

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Story summary

U.S. homebuyers are gaining negotiating power, yet Long Island remains a strong seller's market with 40.5% more buyers than listings.
Nationwide, sellers outnumber buyers by 36%, the largest gap since 2013, particularly in Florida and Texas.
Long Island's high demand stems from limited new construction and a robust job market.
Rising interest rates and lengthy approval processes slow new building in the Northeast.
As summer ends, motivated buyers may face competition and affordability challenges.