In this week's report, the number of homes sold in the Moriches market slid to one over the past 30 days. It marked a decrease of 50.0% from last week's report and a fall below the monthly average. Meanwhile, close-by Ridge reported 32 homes sales, the highest number from all the surrounding cities. Prices are falling in Moriches, and this period the median price of all sales fell from $652,500 to $380,000. Moriches is a definite buyer's market, due to a big 31 months of inventory left and aided by the dip in sales.
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