Wednesday, October 09
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Real estate on the North Fork had a strong summer, experts say
Sales and rentals bounced back in all East End markets in second quarter. For some insight into how the market is performing in 2024, we spoke to three real estate professionals about what this year looks like, what buyers and sellers can expect, and what is currently hot in the wide world of real estate on the North Fork...
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.