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Hamptons.com
May 10, 2023

Hamptons Real Estate Market Data – Week of 5/2/2023

Steve Glickby Steve Glick
in Real Estate, Trending
Home Real Estate

Over the past week there were 21 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 31 Listings that went into contract.

Which is a year over year DECREASE of 32%.

 

This same week in 2021, there were 62 Listings that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 66%.

 

The breakdown of these 21 Transactions are:

1 Between $10 and $20 Million

3 Between $6 and $8 Million

2 Between $4 and $6 Million

6 Between $2 and $4 Million 

And 9 Under $2 Million

 

Over the past week, the Dollar Volume was $79 Million.

Compared to this same week last year (2022), the Dollar Volume was $100 Million.

Which is a year over year DECREASE of 21%.

 

This same week in 2021, the Dollar Volume was $218 Million.

Compared to this past week in 2023, it’s a DECREASE of 64%.

  

This past week there were 34 New Listings coming onto the market.

With 21 Listings going into contract, this INCREASES the inventory by 13 Listings.

 

The breakdown of these 34 New Listings are:

2 Over $20 Million

5 Between $10 and $20 Million

2 Between $8 and $10 Million

2 Between $6 and $8 Million

3 Between $4 and $6 Million 

10 Between $2 and $4 Million 

And 10 Under $2 Million

 

The overall inventory as of 5/9/2023

1,742 Total Listings (Active & In Contract)

 

1,262 Active Listings 

480 In Contract Listings

 

*Data according to the East End Long Island listing system

 

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