The closing activity for the last three months of 2019 looked pretty dismal for our North Fork hamlets. Looking at All North Fork Markets Combined and we see the 4th Quarter home sales activity for 2019 on our North Fork was half that of 2018. So what’s the real story here? We know consumer interest in North Fork properties has heightened in recent years. The farm-to-table movement and vineyard interaction remains strong. This report, in my professional opinion, refl ects two dynamics: a serious lack of inventory and a general consumer slow down. The good news is this is all in our rear view mirrors. This December and January are some of the busiest we’ve experienced in over a decade. All 8 Town & Country Real Estate offi ces are reporting increases in customer inquiries, appointments and negotiations — all leading to contracts and closings.
For the full report click here – North Fork 4Q 2019 Home Sales Report