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After big years from the 2021 and 2022 markets, 2023 was a different beast. “Inventory and sales were down in 2023 as compared to...
It’s Fall, the end of the third quarter 2023, and there’s not been a lot of change in the North Fork real estate market.
Have the Hamptons become so overpriced and inaccessible that the North Fork is the next best alternative? Two top North Fork real estate professionals chime in on whether or not the North Fork is just the new Hamptons…
As many U.S. real estate markets begin to dip into negative territory with falling home prices and higher interest rates, Long Island’s East End – particularly the North Fork – remains insulated from such market pressures.
Zoning laws, a limited stock, inflation, and high demand have caused a housing shortage, as remote workers relocated for lower taxes and lifestyle. But, are the good times about to pop?
This summer has been glorious – sunny, hot days filled with all the summer fun the NOFO has to offer. The question on many people’s minds: “What’s next for the North Fork real estate market?”
Douglas Elliman reported that the median sales price on the North Fork surged 86 percent between 2012 and 2021.
The market is cooling, but that’s a function of supply, which has been almost completely eaten away by almost two years of record activity in response to the pandemic.
As the dearth of listing inventory persists for the North Fork real estate market, prices continue to drive higher as demand outstrips supply.
As this crazy year winds down with lifting pandemic restrictions, the real estate market on the North Fork remains strong.