The Second Quarter Market Reports for the Hamptons are out and the results weren't so bad (certainly better than the dismal first quarter). Jonathan Miller, who prepares the reports for brokerage firm Douglas Elliman, says that sales activity (the number of closed properties) and pricing (median sales prices) were both higher compared to the same time last year (yay!). But listing inventory and days on market also expanded, too (boo!).
Of course, there's no single Hamptons market and every seller has their own motivations, so best not to get too hung up about these numbers. Right?
· 2nd Quarter Douglas Elliman Report: Hamptons & North Fork (PDF) [Miller-Samuel]