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Hamptons, North Fork median home prices fall

Hamptons and North Fork median home prices this year saw the biggest quarterly drops since a Manhattan-based appraiser began tracking the market five years ago.

The median sales price of $605,000 for 2009's first quarter represents a 23.4 percent dive from the $790,000 for the same period a year ago and a 12.3 percent fall from the preceding quarter's $690,000, according to a report from...

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