Hamptons Real Estate Market Data – Week of 3/21/2023

Over the past week there were 31 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 42 Listings that went into contract.

Which is a year over year DECREASE of 26% 

This same week in 2021, there were 48 Listing that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 35%

The breakdown of these 31 Transactions are:

4 Between $6 and $8 Million

4 Between $4 and $6 Million 

12 Between $2 and $4 Million 

And 11 Under $2 Million

Over the past week, the Dollar Volume was $95 Million.

Compared to this same week last year (2022), the Dollar Volume was $232 Million.

Which is a year over year DECREASE of 59%

This same week in 2021, the Dollar Volume was $158 Million.

Compared to this past week in 2023, it’s a DECREASE of 40%

This past week there were 23 New Listings coming onto the market.

With 31 Listings going into contract, this DECREASES the inventory by 8 Listings.

The breakdown of these 23 New Listings are:

2 Between $8 and $10 Million

1 Between $6 and $8 Million

3 Between $4 and $6 Million 

8 Between $2 and $4 Million 

And 9 Under $2 Million

The overall inventory as of 3/28/2023

1,686 Total Listings (Active & In Contract)

1,226 Active Listings 

460 In Contract Listings

*Data according to the East End Long Island listing system