Housing Notes: Hamptons, North Fork & Long Island have a chronic supply problem
Takeaways Author’s Note After 19 years of reporting on the Hamptons & North Fork housing markets through a national brokerage firm, I’ve partnered with the Hamptons Real Estate Association (HREA) to continue the series with quarterly releases. For now, I’m also punching out Long Island results because it dovetails well with the East End market story (and it’s fun). Hamptons Overall, Hamptons housing prices declined, largely because the mix shifted toward smaller properties. Market distortion from limited inventory continues to drive the market’s behavior. The median sales price declined 6.3 percent annually to $1.875 million after 6 straight quarters of […]
This article originally appeared on The Real Deal. Click here to read the full story.
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