Hamptons Real Estate Market Data – Week of September 17, 2024
Last week, there were 29 properties under contract from Westhampton to Montauk.
Compared to the same week last year (2023), 19 properties went into contract.
This is a 53% increase over the previous year.
During the same week in 2022, there were 35 properties that went under contract.
That’s a 17% decrease compared to this past week in 2024.
The breakdown of these 29 transactions is as follows:
3 Between $10 million and $15 million
4 Between $5 million and $10 million
4 Between $3 million and $5 million
5 Between $2 million and $3 million
9 Between $1 million and $2 million
4 Less than $1 million
Last week’s dollar volume was $108 million.
Compared to the same week last year (2023), dollar volume was $55 million.
This is a 96% increase over the previous year.
The dollar volume for the same week in 2022 was $88 million.
Compared to this past week in 2024, that’s a 23% increase.
Last week, 38 new properties came on the market.
29 listings will go into contract, increasing inventory by 9 listings.
The breakdown of these 38 new listings is as follows:
1 More than $20 million
1 Between $15 million and $20 million
1 Between $10 million and $15 million
7 Between $5 million and $10 million
12 Between $3 million and $5 million
6 Between $2 million and $3 million
6 Between $1 million and $2 million
4 Less than $1 million
Entire inventory as of September 24, 2024
2,125 total properties (active and under contract)
1,621 active listings
504 In contract list
*Data based on East End Long Island Listing System
