The month of March saw excellent sales in terms of contracts signed – the least delay sensitive measure of RE activity- compared to previous years: almost $22 1/2 Million in contracts were signed! Median Price rose almost to a record $800K.
MLS records show that the 28 transactions signed in March of 2010 was better than 2009, and even 2007, a tat less than 2008 one of the region’s best years in Real Estate. With 5 deals signed over $1 Million, that is a record for March on the North Fork.
Activity in the lower end – heavily stimulated before December 31, 2009 by the $8K tax credit, seemed to have slowed down in the first quarter, but higher priced homes were in brisk demand and contracts were sigend at very healthy levels. All great news.