The number of sales in the North Fork housing
market jumped as the price trend indicators
slipped. There were 199 sales, up 19.9% from
the prior year quarter and the most third quarter
sales in over a decade. The increase in sales
overpowered supply. Listing inventory fell 23.4%
to 472 over the same period. As a result the
pace of the market accelerated. The absorption
period, the number of months to sell all inventory
at the current rate of sales, declined to 7.1
months from 11.1 months in the year ago quarter,
the second fastest quarter since 2008…