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In the Hamptons, there are currently 146 new construction homes on the market for sale from Southampton to Montauk, and 45 are contracted to trade. In 2022, 93 new construction homes sold on the South Fork of Long Island, which is a 29% decrease from the 130 new construction homes sold in 2021.
Listing supply in the Hamptons has been steadily rising in recent months. But homes are still selling faster than ever.
Supply in the Hamptons housing market increased for the fifth straight month in August, Behind the Hedges reported. The data comes courtesy of Hamptons Market Data founder and Compass agent Adrianna Nava.
The number of Hamptons real estate listings with price changes this August was the most we have seen all summer season, evidence of an adjusting marketplace.
The total supply increased for the fifth month in a row to 720 available listings for sale, putting this September’s listing supply only 3% short of September 2021’s 742 listings.