News Summary
Nassau County has reported a substantial 31% increase in first-time foreclosure filings, with 173 cases recorded in the second quarter. This marks Nassau as the most active foreclosure market in the New York-New Jersey metro area. In contrast, Suffolk County recorded 142 filings, indicating a 43% decrease from the previous year. Together, both counties account for 18% of all foreclosure filings in the area, amid a broader decrease in Long Island foreclosures. This mixed trend highlights ongoing challenges in the housing market across the region.
Nassau County, New York reported a substantial increase in first-time foreclosure filings in the second quarter of 2025, with a total of 173 cases recorded. This figure represents a significant 31% rise compared to the same quarter in 2024, marking Nassau as the most active foreclosure market among the 24 counties in the New York-New Jersey metro area.
In contrast, Suffolk County, which followed Nassau County in filings, recorded 142 first-time foreclosure cases in Q2 2025. This number reflects a 43% decrease from the 251 filings noted in the same quarter of the previous year. Despite being lower than the previous year, this is the least active quarter for Suffolk in two years.
Both Nassau and Suffolk counties together accounted for 18% of all foreclosure filings within the metropolitan New York area, during a period where overall first-time foreclosure filings on Long Island decreased by 18% from Q2 2024. The data showed contrasting trends, with Nassau County’s increase in filings occurring alongside Suffolk County’s decline.
The broader New York metropolitan area saw a total of 1,718 first-time foreclosure filings in Q2 2025, a rise of 6% compared to the prior year. This marks the most active quarter for foreclosures since Q3 2023. Notably, the data focused primarily on residential properties, including single-family homes, two-family homes, condominiums, and co-op units set for auction for the first time.
Among other counties in the New York-New Jersey metro area, several reported notable foreclosure activity in Q2 2025. Essex County, New Jersey, recorded 139 filings, while Brooklyn and Queens registered 129 and 128, respectively. Ocean County, New Jersey, had 110 filings, followed closely by Bergen County, New Jersey with 109. Monmouth County, New Jersey, had 82 filings, followed by Westchester County, New York, with 66 and Union County, New Jersey, with 58 filings.
The rise in foreclosure activity was not uniformly experienced across the metro area. While foreclosure activity in New York City increased by 11%, the mixed trends in Nassau and Suffolk contributed to a complex regional picture of foreclosure rates. This disparity highlights how local economic factors may differ within the broader metropolitan setting.
A more granular look at regional data revealed that counties in New Jersey exhibited significant spikes in first-time filings, which played a crucial role in the aggregate increase across the metro area. Notably, Somerset County experienced a remarkable 54% year-over-year increase in foreclosure filings, further emphasizing the upward trend in New Jersey compared to New York markets.
This report demonstrates ongoing challenges within the housing market, reflecting a mix of recovery and difficulties faced by homeowners across different regions. While Nassau County’s active growth in foreclosures suggests a significant concern for local homeowners, the decrease in Suffolk County hints at a complex environment where various factors influence the housing landscape.
As the situation evolves, continued monitoring of foreclosure trends in both Nassau and Suffolk counties, as well as nearby regions, will be essential for understanding the broader implications for the real estate market and the economy. The findings from Q2 2025 illustrate the dynamic nature of housing stability in the New York metropolitan area, indicative of the ongoing economic pressures faced by residents.
Deeper Dive: News & Info About This Topic
- Long Island Business News: Nassau Q2 2025 Foreclosure Leader
- PropertyShark: NY Metro Foreclosure Report
- LiliLife Politics: Rise in Suffolk Foreclosures
- ATTOM: Foreclosure Filings December 2024
- The New York Times: Nassau County News
- Google Search: Foreclosure Trends New York
Author: STAFF HERE NEW YORK WRITER
NEW YORK CITY STAFF WRITER The NEW YORK CITY STAFF WRITER represents the experienced team at HERENewYorkCity.com, your go-to source for actionable local news and information in New York City, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York City, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
