Housing inventory hit its lowest levels in a decade on...

Housing inventory hit its lowest levels in a decade on Long Island in February. Credit: Morgan Campbell

Housing inventory dropped to its lowest level in more than a decade last month, according to data released this week.

There were 3,511 single-family homes on the market in Nassau and Suffolk counties, according to OneKey MLS. Low inventory also drove down the number of transactions in February to 1,148 — 3.6% fewer than the same time last year, Newsday reported.

And prices continued trending upwards. Median sale prices rose 0.7% year over year in Suffolk, but swelled by 6.3% in Nassau.

Here's what sold in each county under that median price, where the most sales were recorded and what buyers got for their money.

NASSAU

Median sale price in February:

$850,000

How many houses sold at or below that price?

249 homes

Where were the most sales recorded at or below the median?

Massapequa (19 sales)

Other top communities were Levittown (16) and Freeport (14)

SUFFOLK

Median sale price in February:

$685,000

How many houses sold at or below that price?

338 homes

Where were the most sales recorded at or below the median?

Shirley (17 sales)

Bay Shore and Medford had 16 sales each

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