Hamptons Real Estate Market Data – Week of 5/30/2023

Over the past week there were 13 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 19 Listings that went into contract.

Which is a year over year DECREASE of 32%.

This same week in 2021, there were 53 Listings that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 75%.

The breakdown of these 13 Transactions are:

2 Between $6 and $8 Million

7 Between $2 and $4 Million 

And 4 Under $2 Million

Over the past week, the Dollar Volume was $39 Million.

Compared to this same week last year (2022), the Dollar Volume was $59 Million.

Which is a year over year DECREASE of 34%.

This same week in 2021, the Dollar Volume was $142 Million.

Compared to this past week in 2023, it’s a DECREASE of 73%.

This past week there were 22 New Listings coming onto the market.

With 13 Listings going into contract, this INCREASES the inventory by 9 Listings.

The breakdown of these 22 New Listings are:

1 Over $20 Million

3 Between $10 and $20 Million

1 Between $6 and $8 Million

2 Between $4 and $6 Million 

7 Between $2 and $4 Million 

And 8 Under $2 Million

The overall inventory as of 6/6/2023

1,751 Total Listings (Active & In Contract)

1,278 Active Listings 

473 In Contract Listings

*Data according to the East End Long Island listing system