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Hamptons.com
July 31, 2024

Hamptons Real Estate Market Data – Week of 7/23/2024

Steve Glickby Steve Glick
in Real Estate
Home Real Estate
Hamptons Real Estate Market Data – Week of 7/23/2024

Over the past week there were 22 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2023), there were 30 Listings that went into contract.

Which is a year over year DECREASE of 27%.

 

This same week in 2022, there were 24 Listings that went into contract.

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

 

The breakdown of these 22 Transactions are:

1 Between $10 and $15 Million 

4 Between $5 and $10 Million 

6 Between $3 and $5 Million 

2 Between $2 and $3 Million 

8 Between $1 and $2 Million 

1 Under $1 Million

 

Over the past week, the Dollar Volume was $80 Million.

Compared to this same week last year (2023), the Dollar Volume was $89 Million.

Which is a year over year DECREASE of 10%.

 

This same week in 2022, the Dollar Volume was $64 Million.

Compared to this past week in 2024, it’s an INCREASE of 25%.

  

This past week there were 31 New Listings coming onto the market.

With 22 Listings going into contract, this INCREASES the inventory by 9 Listings.

 

The breakdown of these 31 New Listings are:

1 Between $10 and $20 Million 

10 Between $5 and $10 Million 

6 Between $3 and $5 Million 

2 Between $2 and $3 Million 

6 Between $1 and $2 Million 

6 Under $1 Million

 

 

The overall inventory as of 7/30/2024

1,978 Total Listings (Active & In Contract)

 

1,541 Active Listings

437 In Contract Listings

 

*Data according to the East End Long Island listing system

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