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Hamptons Market Data Source
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The number of contracts signed by the Hamptons in June 2022 is down 17% per month over the month and 53% over the year. That said, the final price mediation of the lists received on contracts in June 2022, although down 11.7% per month, increased by 14.5% year-on-year. The number of days from the sales list to the signing of the contract has decreased both over the month and the following year by 36.4% and 50.7% respectively – by only 35 days.
The number of new lists also decreased month-on-month and year-on-year, 9.2% and 30.8% respectively. However, along with the decline in contract activity, it led to a 10% increase in available lists, but supply is still shorter than 16.5% from July 1, 2021.
Few lists were closed both month-over-month and year-over-year in June 2022, but for the second time since the start of the disaster, the Hamptons have seen a moderate decline of 0%. The first time this happened was in August 2021.
All price points experienced a decline in the number of new lists except $ 5 to $ 9.99 million at the price point, which had 28 new lists last month and 27 on June 2021. This price point strongly holds 19 homes. will be closed in June 2022, while Only 10 will be closed in June 2021.
While many people may think that summer is the busiest time for the Hamptons to sell real estate here, and the shows are really busy, it is normal for contractors to sleep a bit from May to July. This is a transition period for prospective buyers who are committed to becoming another summer tenant, as well as future sellers who would like to enjoy the transition period before restoring their real estate goals by the end of the summer.
The Hamptons real estate has returned to normal market fluctuations and cycles, but prices are still historically high with median sales in June 2022 rising 3.5% month-on-month and 28% year-on-year.
To view all charts and data, please visit Hamptons Market Data.
Adrianna Nava is the founder of Hamptons Market Data and Licensing Associate Real Estate Broker with Compass.
