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Hamptons.com
August 14, 2024

Hamptons Real Estate Market Data – Week of 8/6/2024

Steve Glickby Steve Glick
in Real Estate
Home Real Estate
Hamptons Real Estate Market Data – Week of 8/6/2024 I Photo Courtesy of Saunders Real Estate

Over the past week there were 23 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 28%.

 

This same week in 2022, there were 28 Listings that went into contract.

Compared to this past week in 2024, it’s a DECREASE of 18%.

 

The breakdown of these 23 Transactions are:

1 Over $20 Million 

2 Between $15 and $20 Million 

1 Between $10 and $15 Million 

3 Between $5 and $10 Million 

2 Between $3 and $5 Million 

6 Between $2 and $3 Million 

3 Between $1 and $2 Million 

5 Under $1 Million

 

Over the past week, the Dollar Volume was $119 Million.

Compared to this same week last year (2023), the Dollar Volume was $73 Million.

Which is a year over year INCREASE of 63%.

 

This same week in 2022, the Dollar Volume was $192 Million.

Compared to this past week in 2024, it’s a DECREASE of 38%.

  

This past week there were 49 New Listings coming onto the market.

With 23 Listings going into contract, this INCREASES the inventory by 26 Listings.

 

The breakdown of these 49 New Listings are:

1 Over $20 Million 

4 Between $15 and $20 Million 

3 Between $10 and $15 Million 

6 Between $5 and $10 Million 

10 Between $3 and $5 Million 

14 Between $2 and $3 Million 

8 Between $1 and $2 Million 

3 Under $1 Million

 

 

The overall inventory as of 8/13/2024

2,020 Total Listings (Active & In Contract)

 

1,565 Active Listings

455 In Contract Listings

 

*Data according to the East End Long Island listing system

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