Housing prices for the North Fork were mixed
as the pace of the market moved faster. The
absorption period, the number of months to
sell all inventory at the current pace of sales,
fell 32.3% to 11.1 months. The sharp drop to
the fastest first quarter market pace in 8 years
was the result of the combination of rising sales
and falling inventory. There were 134 sales, up
22.9% from the prior year quarter, the highest
first quarter total in 8 years. Inventory fell 17.3%
to 494 over the same period…