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Elliman Report: North Fork Sales 2Q 2014

North Fork housing prices moved higher as inventory expanded and sales slipped from prior year levels. Median sales price was $477,500, up 3.9% from the prior year quarter. Average sales price followed the same pattern, rising 4.1% to $707,658 over the same period. This marked the third highest level reached since the “Lehman tipping point” in 2008. In the year-to-date analysis, median sales price increased 2.9% and average sales price surged 18.9% over the same period last year…

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