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Elliman Report: Hamptons Sales 2Q 2017

After tepid sales throughout most of 2016, the first two quarters of 2017 showed a pronounced rise in sales activity. Sales in the second quarter were at their highest level in two years, and inventory slipped annually for the eighth consecutive quarter. The number of sales jumped 22.8% to 689 and listing inventory declined 4.1% to 1,464 respectively from the year ago quarter…

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