Hamptons Homebuyers Come Up Empty With Listings in Short Supply
Demand in the Long Island beach towns is still intense, with more than a quarter of deals ending in bidding wars.
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Home sales in New York’s Hamptons sagged in the first quarter, weighed down by a lack of listings even as agents see plenty of demand.
There were 671 homes for sale in the area at the end of March, the fewest on record in the 17 years that appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate have been tracking the data. Inventory was down 42% from the first quarter of 2021.