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Hamptons.com
March 8, 2023

Hamptons Real Estate Market Data – Week of 2/28/2023

Steve GlickbySteve Glick
in Featured, Real Estate
Home Real Estate

Over the past week there were 22 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 39 Listings that went into contract.

Which is a year over year DECREASE of 44% 

 

This same week in 2021, there were 70 Listing that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 69%

 

The breakdown of these 22 Transactions are:

1 Between $10 and $20 Million

1 Between $8 and $10 Million

1 Between $6 and $8 Million

3 Between $4 and $6 Million 

6 Between $2 and $4 Million 

And 10 Under $2 Million

 

Over the past week, the Dollar Volume was $74 Million.

Compared to this same week last year (2022), the Dollar Volume was $177 Million.

Which is a year over year DECREASE of 58%

 

This same week in 2021, the Dollar Volume was $226 Million.

Compared to this past week in 2023, it’s a DECREASE of 67%

  

This past week there were 28 New Listings coming onto the market.

With 22 Listings going into contract, this INCREASES the inventory by 6 Listings.

 

The breakdown of these 28 New Listings are:

1 Over $20 Million

3 Between $10 and $20 Million

1 Between $8 and $10 Million

2 Between $6 and $8 Million

6 Between $4 and $6 Million 

3 Between $2 and $4 Million 

And 12 Under $2 Million

 

The overall inventory as of 3/7/2023

1,666 Total Listings (Active & In Contract)

 

1,236 Active Listings 

430 In Contract Listings

 

*Data according to the East End Long Island listing system

 

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