The housing market in North Fork continues to see strong price appreciation, with values up 15.2% compared to last year. Home prices have increased 21.6% in the past month alone. With 3.6 months of supply, North Fork's inventory levels remain relatively tight. Homes are now taking an average of 49 days to sell, significantly longer than the 26 days typical for this market. Only 8.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 28.6% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the North Fork market with the affordability index at 596.1. Looking ahead, the North Fork market is expected to maintain its current trajectory with relatively stable conditions.
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