Q3 2023 Hamptons Market Report
A More Stable Market and Uncertain Times
Considering all the factors that are currently impacting the economy- including multiple wars and international tensions, continued inflation in the US and rising interest rates along with low housing inventory- the Hamptons real estate markets still remarkably strong.
Now that we are nearing the second full year after the surge in sales prices that in occurred I the wake of Covid-19, we can see the market entering a more stable period, with similar number of sales as pre-pandemic years and prices slowly normalizing after the very rapid rise to all time highs
The number of sales during the third quarter of 2023 declined by 4.6 % compared to the same period last year. This represents a difference of only 16 transactions between 335 sales in 3Q2023 and the 351 sales in 3Q22. Furthermore, when looking at the five-year history we see that there were more third quarter sales in 3Q23 than in 3Q19.
Stay up to date on the latest real estate trends.
Real Estate
HAMPTONS RESIENTAIL MARKET REPORT 2ND QUARTER 2025
David is relationship-driven with all his customers and business contacts and understands that being honest every step of the way is the only way to conduct business. As a result, his reputation in the industry is simply stellar. David is always energized at the idea of selling his clients’ homes with Brown Harris Stevens’ award-winning marketing and technology.