Bubble Wrap
Entry
Hamptons Homes Drop Most Since Realtors Kept Records
Bloomberg reports on the Hamptons market, which has been particularly hard hit, with sales down 67% and median prices down almost 30% from a year ago.
The number of unsold homes in the Hamptons rose 15 percent to a record 1,673 in the first quarter from a year earlier, according to data compiled by New York-based appraiser Miller Samuel Inc. Sales have declined the most in the 27 years that broker Town & Country Real Estate has kept records for the Long Island beach towns about 100 miles east of Manhattan.
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posted about 6 months ago
