The Hampton’s real estate market is showing some interesting shifts as we head further into 2025 — changing dynamics, more inventory, a bump in days on market, and fewer homes going into contract over the past week.
As recessionary fears are growing, interest rates are on the decline. This in combination with rising inventory will hopefully bring buyers who have been sitting on the sidelines into the spring market.
HERE’S A QUICK BREAKDOWN:
Over the past week there were 14 Listings that went into contract from Westhampton to Montauk.
Compared to this same week last year (2024), there were 32 Listings that went into contract.
Which is a year over year DECREASE of 56%.
This same week in 2023, there were 34 Listings that went into contract.
Compared to this past week, it’s a DECREASE 59%.
The breakdown of these 14 Transactions are:
1 Over $20 Million
1 Between $5 and $10 Million
3 Between $3 and $5 Million
4 Between $2 and $3 Million
2 Between $1 and $2 Million
3 Under $1 Million
Over the past week, the Dollar Volume was $65 Million.
Compared to this same week last year (2024), the Dollar Volume was $82 Million.
Which is a year over year DECREASE of 21%.
This same week in 2023, the Dollar Volume was $149 Million.
Compared to this past week, it’s a DECREASE of 56%.
This past week there were 39 New Listings coming onto the market.
With 14 Listings going into contract, this INCREASES the inventory by 25 Listings.
The breakdown of these 39 New Listings are:
1 Between $15 and $20 Million
2 Between $10 and $15 Million
5 Between $5 and $10 Million
12 Between $3 and $5 Million
5 Between $2 and $3 Million
12 Between $1 and $2 Million
2 Under $1 Million
The overall inventory as of 4/1/2025
1,880 Total Listings (Active & In Contract)
