North Fork Real Estate Market Report
Quarter 3 2018
• Median sales price rose year over year for sixth consecutive quarter to record high
• Listing inventory slipped for third consecutive quarter as marketing time expanded
• Number of sales fell sharply year over year for second consecutive quarter
Despite reaching a price record, North Fork sales activity slowed from year-ago levels. Median sales price rose 12.5% to a record $619,000 from the year-ago quarter in the twelve years this metric was captured. Average sales price surged 23.1% to $850,514 over the same period. Luxury price trend indicators, representing the top 10% of all sales in the quarter showed more substantial increases than the overall market
