Third quarter reports are still in the making for many of the major real estate agencies, but as we shift into fall, it’s a good time to reflect back on the first half of the year. Here’s what the major players are reporting.
CORCORAN
“Every town on the North Forth is experiencing growth, not just emerging areas,” says top Corcoran broker and North Fork specialist Sheri Winter Parker, noting that the North Fork farm, food and wine-country culture is driving interest for people to put down roots here. “It’s not just a place to visit for a day, but has become a place to stay.”
More than just catching up to the South Fork, Parker says, the North Fork is now leveraging its natural assets more, with the sound and bay sides offering different lifestyles, in addition to historic villages and farms. And the inventory reflects that diversity.
“There are homes hitting the market with tasteful and wonderful renovations — from charming and traditional to modern,” she says, adding, “People are getting creative with their exteriors, too, from creating seating vignettes and lighting to gardens and amenities.”
Highlights of the report:
- The 98 single-home closings in Q2 was a 5% decrease from Q2 2024, but the average sales price of $1.329M was a 21% year over year increase. In contrast, for Q1 2025, the 116 sales, averaging $1.344M, was a 17% increase in sales and 14% increase average sales price year over year.
- The median sales price of $999,000 represents a 14% increase from Q2 2024 and a .4% increase over Q1 2025.
- In Q1, Cutchogue increased most significantly in sales volume, up 104% to $38.976M; in Q2, Aquebogue/Jamesport increased most significantly in sales volume, up 83% to $18.526M
- For both quarters, Southold/Peconic had the most single-family sales and value in volume.
DOUGLAS ELLIMAN
“The market feels stable, but selective. Some buyers are taking a ‘wait and see’ approach with interest rates and broader economic factors, but motivated buyers — particularly those purchasing second homes or investment properties — are still very active,” says Kristy Naddell, an agent with Douglas Elliman. “Overall, people are cautious, not discouraged — they’re simply being more strategic.”
Naddell says while she’s seeing strong interest across the North Fork, areas such as like Jamesport and Aquebogue are attracting attention for having similar assets as hamlets in Southold Township, but at more approachable price points. And, she says, she’s seeing buyers bypassing the Hamptons all together.
“Many buyers who once searched on the South Fork are now pivoting here instead, recognizing greater opportunity, better value and a more laid-back atmosphere,” she says. “It’s not just about price; it’s about community, space and the North Fork way of life.”
Highlights of the report:
- Q2’s average sales price of $1,507,376 represents a 28% increase from Q1 2025, and a 28% year over year increase.
- Houses moved through the market a little quicker in Q2, spending an average of 75 days on the market, compared to 104 days in Q1.
- Q2’s 116 closed sales were a 10.5% increase over Q1 (104) and keeping in step with the 115 closed sales of Q2 2024.
- Price points were highest in New Suffolk and Orient Point, $1,866,666 and $1,750,660 respectively, and Greenport, Southold, Mattituck and Cutchogue led the number of sales for Q2.
ENGEL & VÖLKERS NORTH FORK
The agency reports on activity in 11 towns and broker/license partner Donald Brennan, Jr., says the difference between the first and second quarters of this year “highlight the evolving dynamics of the North Fork’s residential market.”
“The demand for North Fork single-family homes is not limited to just waterfront properties, as evidenced by a significant increase in the number of transactions at price points below the median and average pricing recorded a year ago,” he says. “Buyers are interested in the coastal living experience available to them on inland parcels, which has experienced a rapid increase in pricing over the past two years.”
Giving a preview into Q3, he says the numbers so far “underscore the North Fork’s enduring appeal, defined by low inventory, stable pricing fundamentals and a steady influx of lifestyle-driven purchasers.”
Highlights of the report:
- More than $137M worth of single-family homes changed hands in Q2 2025, compared to approximately $178 million in Q1 2025, a decrease of 22.7%.
- The average sales price of single-family homes increased to $1.168 million in Q2 2025, reflecting a 7.85% increase from Q1 2025 and a 5.6% increase compared to Q2 2024.
- The number of transactions decreased slightly to 116, down from 143 in Q1 2025, marking an 18.9% decline quarter-over-quarter. Despite the drop, says Brennan, “overall pricing trends remained positive, and 10 transactions exceeded the $2-million mark.”
- New Suffolk had the highest average sales price in Q2, at $1,628,889 and the greatest number of transactions occurred in Southold (28). In Q1 Southold had the most transactions (43), followed by Cutchogue (24), which also had the highest average sales price of $1,761, 279.
WILLIAM RAVEIS
Judi Desiderio, managing partner and senior vice president at William Raveis Real Estate, says “the trajectory for North Fork real estate is solidly upwards,” and this year’s trend so far — +5.16 increase in home sales over 2014 — is just the latest leg of that climb. She cited the 9.72% increase in the median home sale price and the 24% increase in total home sales volume. “What that tells us in a nutshell is that more homes are trading at higher prices than last year.”
Desiderio says the increase in sales of homes in the $3.5 – 4.99M range this year is no fluke and is, indeed, an upward trend.
“There will be more of this year after year,” she says. “Buyers are demanding bigger and better quality houses. The future is moving more in sync with the South Fork markets.”
Highlights of the report:
- At mid-year, the median sales price of a home was $987,500, a 10% increase from the same period in 2024.
- The 224 homes sales reflect a 5.16% increase from mid-year 2024.
- The largest number of sales (75) were in the $1 – $1.99-million price category, but sales in the $2 – 3.49-million range were second (23): both representing increases over 2024 of 17.19% and 21.05%, respectively.
- 40 of the 64 homes sold in Southold/New Suffolk/Peconic were more than $1 million and represented the greatest increase in the $1 million – $1.99 million price sector. Five of the six homes in the price range of $3.5-4.99M were done in Mattituck, which includes Laurel and Cutchogue.
