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Elliman Report: Hamptons Sales 1Q 2017

The Hamptons housing market was characterized by more sales and less inventory with the continuation of the “soft at the top” theme. The number of sales rose 8% to 472 from the prior year quarter as listing inventory slipped 9.4% to 1,430. As a result of more sales and less supply, the pace of the market moved slightly faster than during the same period a year ago. The absorption rate, the number of months to sell all inventory at the current rate of sales, moved 15.7% faster to 9.1 months from 10.8 months in the year-ago quarter…

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