The North Fork housing market showed higher
prices and more sales in the second quarter.
Median sales price rose 2.9% to $535,000 from
the year ago quarter, the ninth consecutive year
over year quarterly increase. Average sales
price showed the same pattern, rising 8.3% to
$694,387 from the prior year quarter. Unlike
the South Fork, the North Fork luxury market,
representing the top 10% of all sales, saw larger
price growth than the overall market. Luxury
median sales price surged 33.4% to $1,797,500
and luxury average sales price jumped 15.3%
to $2,018,347 respectively from the prior year