Hamptons Real Estate Market Data

Hamptons Real Estate Market Data – Week of 11/28/2023

Over the past week there were 7 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 13 Listings that went into contract.

Which is a year over year DECREASE of 46%.

This same week in 2021, there were 43 Listings that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 84%.

The breakdown of these 7 Transactions are:

Between $5 and $10 Million

1 Between $3 and $5 Million 

2 Between $2 and $3 Million 

2 Between $1 and $2 Million 

1 Under $1 Million

Over the past week, the Dollar Volume was $20 Million.

Compared to this same week last year (2022), the Dollar Volume was $30 Million.

Which is a year over year DECREASE of 33%.

This same week in 2021, the Dollar Volume was $130 Million.

Compared to this past week in 2023, it’s a DECREASE of 85%.

  

This past week there were 15 New Listings coming onto the market.

With 7 Listings going into contract, this INCREASES the inventory by 8 Listings.

The breakdown of these 15 New Listings are:

Between $10 and $20 Million

6 Between $3 and $5 Million 

4 Between $1 and $2 Million 

3 Under $1 Million

The overall inventory as of 12/5/2023

1,799 Total Listings (Active & In Contract)

1,409 Active Listings

390 In Contract Listings

*Data according to the East End Long Island listing system

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