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August 8th, 2021 9:57 AM
As we move through the last full month of summer, 2021, we have seen the pandemic ebb and flow with a new strain affecting our lives and the real estate market. The national market mirrors our local market and we continue to see (1) an increase in prices; (2) an increase in the # of homes sold; (3) the  # of homes for sale tumbling;  (4) interest rates falling; (5) more buyers than homes available but without the long lines of people waiting to view.  
On the North Fork, Riverhead and Shelter Island, prices increased from spring of 2020 to the same period in 2021, approximately 1.5% per month.  According to Redfin, as of June, 2021, nationwide, home prices surged 24.8%, year over year. 

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Posted by Richard Wayne Abatelli on August 8th, 2021 9:57 AMPost a Comment

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