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Hamptons Sales Reports: Second Quarter of 2013 Most Active Spring Since 2006

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The second quarter reports from Hamptons real estate brokers are in. Spring saw the highest number of second-quarter sales since 2006. Median sales price was the second highest in the past five years, while the average sales price was down from 2Q 2012, probably driven by the 2012 year-end rush. The median sales price increased 8.2% to $920,000. Sales above $5M slipped, but sales above $1M expanded. Inventory continues to fall, meaning that houses stay on the market for less time and sell slightly faster with less negotiation.