By Maura McDermott
Long Island home prices jumped in Nassau County and fell in Suffolk County last month, a new report shows.
The median closed sale price in Nassau was $480,000 in May, up 6.7 percent from a year earlier, the Multiple Listing Service of Long Island reported Thursday.
In Suffolk, the median price dropped 1.4 percent from a year earlier, to $335,000.
In both counties, buyers face a slim supply of listings. The number of homes for sale fell year-over-year by 18 percent in Nassau, where just under 5,200 were on the market, and 16 percent in Suffolk, where brokers listed 7,639 homes.
“Inventory is continuing to shrink…………………