North Fork housing prices skewed higher from
the shift in the mix. Median sales price jumped
16.1% to $516,250, the second highest point in
seven years, second only to the prior quarter.
The year-over-year increase was the sixth
consecutive quarterly increase. Average sales
price followed the same pattern, rising 21.1% to
$697,893 from the year ago quarter. The sharp
gain in price trend indicators was also observed in
the luxury market, the top 10% of all sales during
the quarter. Luxury median sales price surged
43.2% to $1,790,000 from the same quarter a
year ago…