…The North Fork housing market sales mix shifted
to lower priced properties in the third quarter,
causing the price indicators downward. The
number of sales above $1,000,000 fell 25%
from the same period last year. There was only
1 sale above $2,000,000 compared to 4 sales
in the same period last year. As a result, median
sales price declined 2.1% to $410,000 and
average sales price declined 12.7% to $517,420
respectively from the prior year quarter. The
same pattern was seen in the quintile analysis
as median sales price in the top 3 quintiles
posted year-over-year declines…