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Hamptons home prices jump 8 percent

…Hamptons home prices jumped year-over-year by 8 percent, to a median of $920,000, according to a second-quarter report released Thursday by the appraiser Miller Samuel and the brokerage Douglas Elliman. The number of sales spiked by 25 percent, to 675…

…The market’s strength is due to the relative dearth of homes for sale, as well as the rise in interest rates, said Jonathan Miller, chief executive of Miller Samuel. “The people who have been holding back, or pausing, are taking action.”

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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