The 2Q 2009 Hamptons/North Fork Market Overview that I author for Prudential Douglas Elliman was released today.

Other reports we prepare can be found here.

The 2Q 2009 [data](https://millersamuel.com/data) and a series of updated [charts](https://millersamuel.com/charts/index.php?Node=1225671404FFPKy) are available.

Press coverage can be found here.

An excerpt

>…There were 307 sales in the
current quarter, 43.3% below the 541 sales in the
prior year quarter but, 52.7% higher than the 201
sales in the prior quarter. The gain in the number
of sales from the prior quarter was higher than
seasonal norms, reflecting a release in pent-up
demand from more limited sales activity at the
end of 2008. Over the same period, the number
of properties listed for sale continued to rise.
Listing inventory totalled 2,286 properties, 23.6%
higher than the 1,849 properties listed during
the second quarter of 2008. The expansion of
inventory was to be expected due to the decline
in the number of sales. As a result of the rise in
listing inventory and the decline in the number
of sales, the monthly absorption rate—the
number of months to sell all existing inventory
at the current pace of sales—was 22.3 months,
more than double the 10.3 month absorption
rate average of the prior year quarter…

Download 2Q 2009 Hamptons/North Fork Market Overview

UPDATE: Listen to the podcast