Hamptons Real Estate Market Data – Week of 7/9/2024

Over the past week there were 26 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2023), there were 29 Listings that went into contract.

Which is a year over year DECREASE of 10%.

This same week in 2022, there were 16 Listings that went into contract.

Compared to this past week in 2024, it’s an INCREASE of 62%.

The breakdown of these 26 Transactions are:

3 Between $5 and $10 Million 

6 Between $3 and $5 Million 

4 Between $2 and $3 Million 

5 Between $1 and $2 Million 

8 Under $1 Million

Over the past week, the Dollar Volume was $68 Million.

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

Which is a year over year DECREASE of 24%.

This same week in 2022, the Dollar Volume was $45 Million.

Compared to this past week in 2024, it’s an INCREASE of 51%.

This past week there were 34 New Listings coming onto the market.

With 26 Listings going into contract, this INCREASES the inventory by 8 Listings.

The breakdown of these 34 New Listings are:

2 Over $20 Million 

1 Between $10 and $20 Million 

5 Between $5 and $10 Million 

9 Between $3 and $5 Million 

4 Between $2 and $3 Million 

10 Between $1 and $2 Million 

3 Under $1 Million

The overall inventory as of 7/16/2024

1,967 Total Listings (Active & In Contract)

1,538 Active Listings

429 In Contract Listings

*Data according to the East End Long Island listing system