Hamptons Real Estate Market Data – Week of 4/16/2024

Over the past week there were 25 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2023), there were 34 Listings that went into contract.

Which is a year over year DECREASE of 26%.

This same week in 2022, there were 31 Listings that went into contract.

Compared to this past week in 2024, it’s a DECREASE of 19%.

The breakdown of these 25 Transactions are:

7 Between $5 and $10 Million 

10 Between $3 and $5 Million 

4 Between $2 and $3 Million 

3 Between $1 and $2 Million 

1 Under $1 Million

Over the past week, the Dollar Volume was $102 Million.

Compared to this same week last year (2023), the Dollar Volume was $94 Million.

Which is a year over year INCREASE of 9%.

This same week in 2022, the Dollar Volume was $67 Million.

Compared to this past week in 2024, it’s an INCREASE of 52%.

This past week there were 49 New Listings coming onto the market.

With 25 Listings going into contract, this INCREASES the inventory by 24 Listings.

The breakdown of these 49 New Listings are:

5 Over $20 Million

2 Between $10 and $20 Million

8 Between $5 and $10 Million 

7 Between $3 and $5 Million 

8 Between $2 and $3 Million 

16 Between $1 and $2 Million 

3 Under $1 Million

The overall inventory as of 4/23/2024

1,916 Total Listings (Active & In Contract)

1,457 Active Listings

459 In Contract Listings

*Data according to the East End Long Island listing system