"The first six months of 2021 were all that and then some! . Viewing All Hampton Markets Combined and the Total Home Sales activity mid-year screams, “Look at me!” All three criteria monitored by Town & Country Real Estate rose significantly, starting with a whopping 68% spike in Total Home Sales Volume. There were 51% more homes trading hands and a Median Home Sales Price of $1,586,000. That’s 34% greater than the $1,180,000 logged in 2020 in the same period.
Looking at All North Fork Markets Combined we see figures like a 90% spike in Total Home Sales Volume and 44% increase in the Number of Home Sales. Both indicators leading to a 30% swell in Median Home Sales Price up from $588,000 in 2020 to $765,000 in 2021.
The only red is the Number of Home Sales in the Under $500K category in both the Hamptons and North Fork, a market that is clearly disappearing due to lack of inventory.”
- Judi Desiderio, CEO, Town and Country Real Estate