MLSLI: Long Island home prices on the rise

Good news for homeowners on Long Island as the median price of homes across Nassau and Suffolk counties is up.
The median price of a home in Nassau and Suffolk has risen more than 7.5% in the past year.
The Multiple Listing Service of Long Island says the price has gone up approximately $35,000 since last September.
The increase is said to be driven by a shortage of homes on the market.