Cottekill
Cottekill, NY · Real Estate
6sqft
millertonnews.com
Poughkeepsie Journal
New York Post
Bidding wars for Long Island homes are so brutal, even all-cash buyers are getting burned
Frank DiMaio had the cash, a signed contract and $230,000 sitting in escrow. He still lost the house he wanted to buy. The orthopedic surgeon, who recently hung up his scalpel after four decades, spent much of this year trying to swap the Old Brookville estate he and his wife have called home for about 25 years for something smaller on Long Island’s North Shore. Instead, the couple got a front-row seat to the most cutthroat housing scrum in the country. “I’ve never experienced anything like this,” DiMaio told The Post. Long Island has become the hardest place in America to buy a home, with Redfin repeatedly ranking Nassau and Suffolk counties as the nation’s strongest seller’s market even as most big metros tilt toward buyers. Bloomberg via Getty Images He’s got plenty of company. Redfin has crowned Nassau and Suffolk counties the strongest seller’s market in America again and again, most recently clocking roughly 36% fewer sellers than buyers. Across most of the country, the pendulum has swung the other way, with 39 of the nation’s 50 biggest metros now favoring house hunters. On Long Island , nobody seems to have gotten the memo. The DiMaios thought they’d scored