Do you think buying a brand-new home is going to cost way more than an existing one? You should know that’s not necessarily true – especially right now.
According to the latest data, newly built homes are actually selling for less than existing ones. Why? Builders are offering smaller floor plans, price cuts, and incentives to attract today’s budget-conscious buyers.
You might be able to get a modern, move-in ready home for less than you think.
Let’s talk about what’s available and see if a newly built home could be a smart move for you.
Here’s what happened in the Hampton’s market over the past week:
Over the past week there were 21 Listings that went into contract from Westhampton to Montauk.
Compared to this same week last year (2024), there were 26 Listings that went into contract.
Which is a year over year DECREASE of 19%.
This same week in 2023, there were 29 Listings that went into contract.
Compared to this past week, it’s a DECREASE of 28%
The breakdown of these 21 Transactions are:
1 Between $5 and $10 Million
5 Between $3 and $5 Million
10 Between $2 and $3 Million
4 Between $1 and $2 Million
1 Under $1 Million
Over the past week, the Dollar Volume was $57 Million.
Compared to this same week last year (2024), the Dollar Volume was $140 Million.
Which is a year over year DECREASE of 59%.
This same week in 2023, the Dollar Volume was $83 Million.
Compared to this past week, it’s a DECREASE of 31%.
This past week there were 37 New Listings coming onto the market.
With 21 Listings going into contract, this INCREASES the inventory by 16 Listings.
The breakdown of these 37 New Listings are:
3 Between $10 and $15 Million
9 Between $5 and $10 Million
7 Between $3 and $5 Million
6 Between $2 and $3 Million
9 Between $1 and $2 Million
3 Under $1 Million
The overall inventory as of 5/27/2025
1,977 Total Listings (Active & In Contract)
1,535 Active Listings
442 In Contract Listings
