Broker-Owner Mike Ferrara opens a new HomeSmart brokerage with a focus on providing agents with the industry’s best commission structure and support services
Bohemia, New York — HomeSmart continues its fast-paced growth in 2023 as it expands its presence along the northeastern coast with a new brokerage in New York’s Long Island.
HomeSmart Dynamic Realty continues the national brand’s steady growth in an industry that has witnessed issues with low housing inventory, delayed supply chain and rising prices. But even amidst these challenges, HomeSmart has managed to extend its office count, new brokerages and its number of agents already this year.
Headed up by five-year real estate professional Mike Ferrara, who recently held his post as a HomeSmart agent in the region, the new location is set to bring HomeSmart’s dedication to high-quality service to clients as well as 24/7 support, innovative all-in-one processing tools, training and unmatched company culture to area agents in southcentral Long Island.
“I’m very hands-on and thrive on educating our agents. I’m so excited to get in and get our agents involved and in-tune with everything from technology to support to training,” says Ferrara, noting HomeSmart’s expansive agent-centric career development tools and options.
In late 2022, home prices in Long Island continued to fall, highlighting signs that the industry is slowly returning to its pre-pandemic levels. The median sales prices of homes in both Nassau and Suffolk counties fell from November to December. In fact, Nassau County alone saw average prices drop by nearly $23,000 in just a few weeks.
“My goal is to help both our agents and clients with superb service in an industry and a region that is finally starting to get back to normal,” notes Ferrara. “We’re really looking forward to providing the market with unparalleled support in a time where having your needs met with personalized service is more important than ever.”
HomeSmart Dynamic Realty
390 Knickerbocker Ave., Unit 7
Bohemia, NY 11716