Sales activity has picked up in the Hampton’s. Over the past week there were 34 Listings that went into contract from Westhampton to Montauk. Compared to this same week last year (2023), there were 10 Listings that went into contract.
Which is a year over year INCREASE of 240%. 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 113%.
The breakdown of these 34 Transactions are:
1 Between $10 and $15 Million
5 Between $5 and $10 Million
5 Between $3 and $5 Million
6 Between $2 and $3 Million
13 Between $1 and $2 Million
4 Under $1 Million
Over the past week, the Dollar Volume was $99 Million.
Compared to this same week last year (2023), the Dollar Volume was $39 Million.
Which is a year over year INCREASE of 154%.
This past week there were 25 New Listings coming onto the market.
With 34 Listings going into contract, this DECREASES the inventory by 9 Listings.
The breakdown of these 25 New Listings are:
1 Over $20 Million
1 Between $10 and $15 Million
4 Between $5 and $10 Million
5 Between $3 and $5 Million
6 Between $2 and $3 Million
6 Between $1 and $2 Million
2 Under $1 Million
Typically, the last couple months of the year show signs of slowing down in terms of properties going into contract. As we end the second quarter of 2024, we are seeing buyers come off of the sidelines and an increase of properties going into contract. This is a good sign of things to come for 2025!
