Hamptons Real Estate Market Data – Week of 12/12/2023

Over the past week there were 15 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 18 Listings that went into contract.

Which is a year over year DECREASE of 17%.

This same week in 2021, there were 39 Listings that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 62%.

The breakdown of these 15 Transactions are:

1 Between $10 and $20 Million

1 Between $3 and $5 Million 

7 Between $2 and $3 Million 

3 Between $1 and $2 Million 

3 Under $1 Million

Over the past week, the Dollar Volume was $45 Million.

Compared to this same week last year (2022), the Dollar Volume was $59 Million.

Which is a year over year DECREASE of 24%.

This same week in 2021, the Dollar Volume was $110 Million.

Compared to this past week in 2023, it’s a DECREASE of 59%.

This past week there were 4 New Listings coming onto the market.

With 15 Listings going into contract, this DECREASES the inventory by 11 Listings.

The breakdown of these 4 New Listings are:

1 Between $5 and $10 Million 

1 Between $2 and $3 Million 

2 Between $1 and $2 Million 

The overall inventory as of 12/19/2023

1,738 Total Listings (Active & In Contract)

1,356 Active Listings

382 In Contract Listings

*Data according to the East End Long Island listing system