Hamptons Real Estate Market Data – Week of 8/8/2023

Over the past week there were 17 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2022), there were 28 Listings that went into contract.

Which is a year over year DECREASE of 39%.

This same week in 2021, there were 39 Listings that went into contract.

Compared to this past week in 2023, it’s a DECREASE of 56%.

The breakdown of these 17 Transactions are:

1 Between $6 and $8 Million

2 Between $4 and $6 Million

8 Between $2 and $4 Million 

And 6 Under $2 Million

Over the past week, the Dollar Volume was $51 Million.

Compared to this same week last year (2022), the Dollar Volume was $192 Million.

Which is a year over year DECREASE of 73%.

This same week in 2021, the Dollar Volume was $133 Million.

Compared to this past week in 2023, it’s a DECREASE of 62%.

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

With 17 Listings going into contract, this INCREASES  the inventory by 7 Listings.

The breakdown of these 24 New Listings are:

1 Over $20 Million

3 Between $10 and $20 Million

1 Between $6 and $8 Million

3 Between $4 and $6 Million 

6 Between $2 and $4 Million 

And 10 Under $2 Million

The overall inventory as of 8/15/2023

1,783 Total Listings (Active & In Contract)

1,342 Active Listings 

441 In Contract Listings

*Data according to the East End Long Island listing system