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Hamptons Million-Dollar Homes Bolster Real Estate Sales

Hamptons home sales climbed in the first quarter, pushing up prices as buyers in the eastern Long Island resort towns sought more million-dollar properties.

The median price of all Hamptons homes that sold in the three months through March was $920,500, up 4.6 percent from a year earlier, brokerage Douglas Elliman Real Estate and appraiser Miller Samuel Inc. said in a report Thursday. Transactions rose 2.5 percent to 541, led by an increase in deals in the $1 million to $5 million range.