Hamptons Real Estate Market Data – Week of August 27, 2024
Last week, there were 34 properties under contract from Westhampton to Montauk.
Compared to the same week last year (2023), 32 properties went into contract.
This is a 6% increase over the previous year.
In the same week in 2022, there were 25 properties under contract.
Compared to this past week in 2024, that’s a 36% increase.
The breakdown of these 34 transactions is as follows:
2 Between $10 million and $15 million
3 Between $5 million and $10 million
6 Between $3 million and $5 million
7 Between $2 million and $3 million
9 Between $1 million and $2 million
7 Less than $1 million
Last week’s dollar volume was $107 million.
Compared to the same week last year (2023), the dollar volume was $169 million.
This is a 37% decrease from the previous year.
In the same week in 2022, the dollar volume was $106 million.
Compared to this past week in 2024, this is an increase of 1%.
Last week, 42 new listings hit the market.
34 listings will go into contract, increasing inventory by 8 listings.
The breakdown of these 42 new listings is as follows:
1 Between $15 million and $20 million
3 Between $10 million and $15 million
8 Between $5 million and $10 million
8 Between $3 million and $5 million
10 Between $2 million and $3 million
11 Between $1 million and $2 million
1 Less than $1 million
Entire inventory as of September 3, 2024
2,039 total properties (active and under contract)
1,552 active listings
487 In contract list
*Data based on East End Long Island Listing System
