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Hamptons.com
July 24, 2024

Hamptons Real Estate Market Data – Week of 7/16/2024

Steve Glickby Steve Glick
in Real Estate, Trending
Home Real Estate
Hamptons Real Estate Market Data – Week of 7/16/2024

Over the past week there were 24 Listings that went into contract from Westhampton to Montauk.

 

Compared to this same week last year (2023), there were 18 Listings that went into contract.

Which is a year over year INCREASE of 33%.

 

This same week in 2022, there were 26 Listings that went into contract.

Compared to this past week in 2024, it’s a DECREASE of 8%.

 

The breakdown of these 24 Transactions are:

4 Between $5 and $10 Million 

2 Between $3 and $5 Million 

4 Between $2 and $3 Million 

9 Between $1 and $2 Million 

5 Under $1 Million

 

Over the past week, the Dollar Volume was $64 Million.

Compared to this same week last year (2023), the Dollar Volume was $58 Million.

Which is a year over year INCREASE of 10%.

 

This same week in 2022, the Dollar Volume was $187 Million.

Compared to this past week in 2024, it’s a DECREASE of 66%.

  

This past week there were 40 New Listings coming onto the market.

With 24 Listings going into contract, this INCREASES the inventory by 16 Listings.

 

The breakdown of these 40 New Listings are:

 

2 Over $20 Million 

1 Between $10 and $20 Million 

3 Between $5 and $10 Million 

8 Between $3 and $5 Million 

13 Between $2 and $3 Million 

7 Between $1 and $2 Million 

6 Under $1 Million

 

 

The overall inventory as of 7/23/2024

1,990 Total Listings (Active & In Contract)

 

1,556 Active Listings

434 In Contract Listings

 

*Data according to the East End Long Island listing system

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