# Bidding wars for Long Island homes are so brutal, even all-cash buyers are getting burned

- URL: https://talkfuse.com/story/bidding-wars-for-long-island-homes-are-so-brutal-even-all-cash-buyers-are-getting-burned/
- Published: 2026-11-12T11:15:00+00:00
- Updated: 2026-11-12T12:41:15+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/12/real-estate/long-island-is-americas-toughest-housing-market-to-crack/
- Topics: Americas, World

## Key points

- Long Island remains a strong seller’s market.
- Buyers may need to bid above asking.
- Limited housing supply is fuelling competition.

## Summary

Long Island’s housing market remains fiercely competitive, with buyers sometimes losing homes even after making cash offers and signing contracts. Nassau and Suffolk counties have repeatedly ranked as the strongest seller’s market in the United States, while many other large metro areas now favour buyers.

Frank DiMaio’s $2.3 million offer on a Woodbury townhouse was accepted, but the sellers chose another bid before signing, leaving his $230,000 deposit tied up for 10 days. His later offer on an Oyster Bay home had to rise from the $1.99 million asking price to $2.1 million. Other homes have also sold well above asking: a Plainview property listed at $999,000 sold for about $1.15 million, while a Melville home listed at $1.59 million went for roughly $1.82 million. Agents cite limited land for new construction and tight housing supply as factors behind the bidding.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.