Douglas Elliman published the report we author on the North Fork sales market for 2Q 2013.
This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.
- Housing prices were up across all segments.
- Inventory fell from year ago levels as marketing time dropped.
- Number of sales up sharply.
- Credit remained tight keeping inventory low.
Here’s an excerpt from the 2Q 2013 report:
…In the second quarter of 2013, the North Fork housing market was characterized by rising sales and prices along with falling inventory. Many buyers have entered the market due to the combination of the following factors: tight credit, low inventory, the release of pent-up demand after the last year’s market uncertainty caused by the fiscal cliff, and anticipated rise of mortgage rates, due to the improved economy. Both price indicators were higher than the prior year levels. Median sales price was $459,750, up 10.8% and the average sales price rose 4% to $679,720…
The Elliman Report: 2Q 2013 North Fork Sales [Miller Samuel]
The Elliman Report: 2Q 2013 North Fork Sales [Douglas Elliman]
Market Chart Library [Miller Samuel]
Aggregated Custom Market Data Tables [Miller Samuel]