NY: Long Island Real Estate Sales Jump

Gay Long Island Real EstateLong Island home sales in February jumped 7.5 percent over a year ago, the first such increase in eight months, a new report said.

The Multiple Listing Service of Long Island reported that there were 1,784 closings last month and 1,660 in February 2010. It marked the first time since June 2010 that monthly sales figures had increased from the same month a year earlier.

The trend started when a key deadline was originally set to expire for the federal home buyers tax credit. It continued with January’s snowstorms delaying some sales activity into February, brokers said.

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