Town & Country Real Estate

North Fork Mid-Year 2020 Market Report

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, North Fork Mid-Year 2020 Market Report, Town & Country Real Estate

The first six months of 2020 displayed the tremendous resilience of North Fork Real Estate. Considering we were in COVID lockdown for about two months and viewings and businesses came to a screeching halt, the numbers are impressive. Let’s read this report from the bottom up. Looking at All North Fork Markets Combined, you see the first half of 2020 was on par with the first half of 2019. The Number of Home sales was flat at 171 and the Median Home Sales Price ticked up 2%. Overall, the Total Home Sales Volume dipped -3.9%. One notable change was the $1M – $1.99M range which rose nearly 16%. Projecting forward, I can say with confidence the 3rd Q will be a vastly better report. The wild card, of course, is a second wave. Stay safe.

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