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Hamptons.com
May 31, 2023

Hamptons Real Estate Market Data – Week of 5/23/2023

Steve Glickby Steve Glick
in Real Estate
Home Real Estate
Hamptons Real Estate Market Data – Week of 5/23/2023

Over the past week there were 30 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 37 Listings that went into contract.

Which is a year over year DECREASE of 19%.

 

This same week in 2021, there were 31 Listings that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 3%.

 

The breakdown of these 30 Transactions are:

2 Between $8 and $10 Million

1 Between $6 and $8 Million

4 Between $4 and $6 Million

9 Between $2 and $4 Million 

And 12 Under $2 Million

 

Over the past week, the Dollar Volume was $91 Million.

Compared to this same week last year (2022), the Dollar Volume was $113 Million.

Which is a year over year DECREASE of 19%.

 

This same week in 2021, the Dollar Volume was $127 Million.

Compared to this past week in 2023, it’s a DECREASE of 28%.

  

This past week there were 20 New Listings coming onto the market.

With 30 Listings going into contract, this DECREASES the inventory by 10 Listings.

 

The breakdown of these 20 New Listings are:

3 Between $10 and $20 Million

2 Between $8 and $10 Million

1 Between $6 and $8 Million

3 Between $4 and $6 Million 

7 Between $2 and $4 Million 

And 4 Under $2 Million

 

The overall inventory as of 5/30/2023

1,776 Total Listings (Active & In Contract)

 

1,278 Active Listings 

498 In Contract Listings

 

*Data according to the East End Long Island listing system

 

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