Authored by: Options Realty
July 26th, 2008
North Fork, Long Island Market Update
The following information is offered in order to provide some insight into a disorderly market. With the abundance of 
news that those of us in the industry follow daily, percentages have become muddled- sometimes, breaking it down and offering the insight without the vague percentages helps to at least get closer in comprehension from one town/village on the North Fork to the next.
The following updates include the towns of Riverhead, Calverton, Baiting Hollow, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, and Orient Point.
The first figure indicates all single family properties that went under contract (some have closed) between the months of April, 2008 through July 25, 2008 by town.
TOTAL UNDER CONTRACT BETWEEN APRIL 1, 2008 AND JULY 25, 2008
TOTAL HOMES UNDER CONTRACT ON THE NORTH FORK: 128
TOTAL HOMES AVAILABLE FOR SALE ON THE NORTH FORK AS OF JULY 25, 2008:
TOTAL HOMES AVAILABLE FOR SALE ON THE NORTH FORK: 706
If you are thinking about selling your home in any of the above areas, give us a call if you’d like help in your fact-finding mission.
For buyers, when I arrived on the North Fork seven years ago, the market was substantially different. Now, it’s actually possible to calmly assess value, locate the home you’ve been waiting for, and decide just exactly what makes sense 
for you right now.
Owning a home is about more than percentages. Buying a home is about understanding the market before making the decision.
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