We published our report on the Hamptons & North Fork sales market for 2Q 2012.   This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

Hamptons & North Fork

-Sales jumped above year ago levels reaching the second highest spring market total in 6 years.
-Median sales price slipped from year ago levels, although average sales price was at 3rd highest level since credit crunch began in 2008.
-Most sales over $5M since credit crunch began – tied with 4Q 2010.
-Listing inventory edged above year ago levels.

Here’s an excerpt from the report:

…The Hamptons and North Fork housing markets
were characterized as having their most active
spring markets in six years, but both with weaker
price levels and modest upticks in listing inventory
and marketing time. There were more sales in the second quarter
spring market than there have been in any
second quarter throughout the past six years.
The second quarter total was 676 sales, 9.2%
more than 619 sales in the prior year quarter. This
total was sharply above the prior quarter result of
381 sales, an unusually light number, given the
mild winter and early spring selling season, which
suggests a timing issue at play. Listing inventory
was 2,452, 5.3% above 2,329 in the same period
last year. As a result, the monthly absorption rate
was 10.9 months, faster than 11.3 months in the
prior year quarter as well as the 12.9-month sixyear
average…

You can build your own custom data tables on the market – now updated with 2Q 12 data. You can browse our chart library for the latest – updated for 2Q 2012.

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The Elliman Report: 2Q 2012 Hamptons & North Fork Sales [Miller Samuel] The Elliman Report: 2Q 2012 Hamptons & North Fork [Prudential Douglas Elliman] Market Chart Library [Miller Samuel] Aggregated Custom Market Data Tables [Miller Samuel]