North Fork prices continued to increase as rising
sales outpaced the expansion of inventory.
Median sales price increased 8.4% to $444,500
from the same period last year. Average sales
price followed the same pattern rising 11.4%
to $576,322. Both median sales price and
average sales price year to date were above
the same period last year, rising 2.2% and
5.5% respectively. Housing prices in the luxury
market, the top 10% of all sales, increased faster
than the overall market. Luxury median sales
price increased 12.6% and average sales price
increased 37.3% respectively over the prior
year quarter, largely from the increase in sales
above $2 million…