Hamptons Real Estate Market Data – Week of 7/11/2023

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

Compared to this same week last year (2022), there were 16 Listings that went into contract.

Which is a year over year INCREASE of 56%.

This same week in 2021, there were 35 Listings that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 29%.

The breakdown of these 25 Transactions are:

1 Between $6 and $8 Million

5 Between $4 and $6 Million

8 Between $2 and $4 Million 

And 11 Under $2 Million

Over the past week, the Dollar Volume was $71 Million.

Compared to this same week last year (2022), the Dollar Volume was $45 Million.

Which is a year over year INCREASE of 58%.

This same week in 2021, the Dollar Volume was $101 Million.

Compared to this past week in 2023, it’s a DECREASE of 30%.

This past week there were 24 New Listings coming onto the market.

With 25 Listings going into contract, this DECREASES the inventory by 1 Listing.

The breakdown of these 24 New Listings are:

3 Between $10 and $20 Million

1 Between $8 and $10 Million

1 Between $6 and $8 Million

1 Between $4 and $6 Million 

8 Between $2 and $4 Million 

And 10 Under $2 Million

The overall inventory as of 7/18/2023

1,747 Total Listings (Active & In Contract)

1,302 Active Listings 

445 In Contract Listings

*Data according to the East End Long Island listing system