Hamptons Sellers Are Starting To Get The Message

Michael Kolomatsky of the Calculator column in the New York
Times real estate section crafted
a cool infographic
for this weekend using data from the
Douglas Elliman‘s
Hamptons Sales report
that I author. The gist of it is that
sellers are slowly pricing closer to market causing days on market
and the listing discount to compress somewhat. This faster moving
pattern is in sharp contrast to sliding price trends, declining
sales, and rising inventory. The narrative in this market clearly
reflects a slowdown, but with a vibrant regional economy, the
buyers are here, but unwilling to pay at price levels of a few
years ago.


Source: FS – NYC Real Estate
Hamptons Sellers Are Starting To Get The Message