UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                             CURRENT REPORT Pursuant
                          to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

        Date of report (Date of earliest event reported) November 5, 2004

                              Avatar Holdings Inc.
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             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
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                 (State or Other Jurisdiction of Incorporation)

            0-7616                                        23-1739078
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    (Commission File Number)                  (IRS Employer Identification No.)

         201 Alhambra Circle
        Coral Gables, Florida                                        33134
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(Address of Principal Executive Offices)                           (Zip Code)

                                 (305) 442-7000
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              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
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          (Former Name or Former Address, if Changed Since Last Report)

      Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))



Item 2.02. Results of Operations and Financial Condition

      On  November  5,  2004,  Avatar  Holdings  Inc.  issued  a  press  release
announcing its results for the quarter ended  September 30, 2004. A copy of that
press release is attached hereto as Exhibit 99.1 and is  incorporated  herein by
reference.

      The information in this report, including the exhibit hereto, shall not be
deemed to be  "filed"  for the  purposes  of Section  18 of the  Securities  and
Exchange Act of 1934, or otherwise  subject to the  liabilities of that Section.
The  information  in this report,  including  the exhibit  hereto,  shall not be
incorporated  by  reference  into any  filing  of the  registrant  with the SEC,
whether  made  before  or  after  the date  hereof,  regardless  of any  general
incorporation  language  in such  filings  (unless the  registrant  specifically
states that the information or exhibit in this particular report is incorporated
by reference).

Item 7.01 Regulation FD Disclosure

      The information  furnished  pursuant to Item 2.02,  "Results of Operations
and Financial Condition", is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(c) Exhibits

Exhibit No.             Description
-----------             -----------
   99.1                 Press Release dated November 5, 2004




                                    SIGNATURE

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                              AVATAR HOLDINGS INC.

                                      By: /s/ Juanita I. Kerrigan
                                          --------------------------------------
                                          Name: Juanita I. Kerrigan
                                          Title: Vice President and Secretary

Date: November 5, 2004



                                  EXHIBIT INDEX

 Exhibit No.                      Description

 99.1               Press Release dated November 5, 2004.