Weekly Market Report

May 17 - 23, 2021

Southampton to Montauk

• The number of new listings increased 12% week over week, from 43 to 48 new listings and is showing an upward trend since the beginning of April.
  
  
• In the last 4 weeks, all price points saw more new listings come on the market than contracts signed. 
  
  
• Contracts signed declined 17% week over week for the market overall, from 29 to 24 contracts.
  
  
• Despite declining for two weeks in a row, the number of contracts signed is holding steady between 20 and 36 contracts per week since the middle of March. 
  
  
• The median days to contract was 56 days.
  
  
• The median last asking price for listings with signed contracts was $1,560,000 compared to the median new listing price of $2,895,000.
  
  
• No properties asking over $10M went into contract, but there were 6 new $10M+ listings.
  
  
• The number of sold listings declined 37%, from 35 to 22.

Other Recent Articles of Note

Single Family Homes | Exclusives & Co/Tri Exclusives | Source: EELI 

DISCLAIMER |The reports and analysis generated by Hamptons Market Data, LLC is provided for informational purposes only. The reports and analysis are based upon historic data and should not be relied upon to predict future market trends in the Hamptons real estate market.  We make every effort to ensure that the data in our reports is accurate. However, our reports are sourced from brokerage recorded data and is subject to errors and post-reporting updates.  We make no guarantees as to the completeness or accuracy of the data the reports are based upon.  Our reports do not include off-market trades or listings that were withheld from the listing database.