…The housing market in the Hamptons was
largely characterized by a rise in sales and
inventory as well as a shift towards a more
typical mix of activity. In the prior year quarter,
there were a limited number of high-end sales
following the expiration of the “fiscal cliff” as
market participants rushed to close before
the end of 2012. As a result, the year-overyear
rise in the price indicators were skewed
higher. Median sales price jumped 18.9% to
$880,000 from prior year quarter…