Hamptons Real Estate Market Data – Week of June 25, 2024
Last week, 15 properties went under contract from Westhampton to Montauk.
Compared to the same week last year (2023), there were 27 properties that went under contract.
This represents a 44% decrease from the previous year.
During the same week in 2022, 24 properties went under contract.
Compared to last week in 2024, that's a 38% decrease.
The breakdown of these 15 transactions is as follows:
1 Between $10 million and $15 million
3. Between $5 million and $10 million
1 Between $3 million and $5 million
2 Between $2 million and $3 million
5. Between $1 million and $2 million
3. Less than $1 million
The dollar equivalent for the past week was $54 million.
Compared to the same week last year (2023), the dollar amount was $73 million.
This represents a 26% decrease from the previous year.
The dollar equivalent for the same week in 2022 was $166 million.
Compared to last week in 2024, that's a 67% decrease.
Last week, 35 new properties came on the market.
If 15 properties go under contract, your inventory will increase by 20 properties.
Here's a breakdown of these 35 new listings:
2. Between $10 million and $20 million
9 Between $5 million and $10 million
10 Between $3 million and $5 million
6. Between $2 million and $3 million
7 Between $1 million and $2 million
1. Less than $1 million
Stock status as of July 2, 2024
1,948 total properties (active and under contract)
1,533 active listings
415 properties currently under contract
*Data from East End Long Island Listing System