In the second quarter, the Hamptons residential market saw significant gains with home sales rising 15 percent compared to the previous year, exceeding 420 transactions. The median home sale price held steady at just under $1.9 million. Luxury properties also performed well, with sales between $5 million and $10 million increasing by 31 percent. Despite a seasonal slowdown expected in July and August due to the shift to rentals, buyer activity remains strong, with more homes projected to debut in September.
The Hamptons residential market saw a 15 percent increase in home sales in the second quarter. Over 420 deals were closed, surpassing last year's 370.
The median home sale price in the Hamptons remained steady at just under $1.9 million during the latest three-month period.
Transactions across several price ranges have risen, particularly with sales between $5 million and $10 million experiencing a 31 percent annual increase.
Further sales are anticipated in September, as many buyers remain active even with the seasonal dip in market activity during July and August.
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