Town & Country Hamptons & North Fork Q3 Market Reports Are In

Home Sales Reports for the mid-year 2024 market reports have been completed. Here are the numbers from Town & Country CEO, veteran broker, and queen of East End market reports, Judi Desiderio.

The Hamptons

The Hamptons Home Sales activity can be summed up by simply examining the bottom line.. All Hampton Markets Combined. The Number of Home Sales dropped 25% year to year to a meager 389 (in ‘21 there was almost 700 in Q3) and the Total Home Sales Volume slid 17.6% YET the Median Home Sales Price rose just over 16% 2023 to 2024. Keep in mind 2023 was not a banner year! That said there are some truly shining beacons in this report the best of which is that all 12 markets monitored by Town & Country saw their Median Home Sales Price increase. Let’s dive in….

The North Fork

The third quarter of 2024 was off a bit for our beautiful NORTH FORK. Looking at ALL NORTH FORK MARKETS COMBINED and the Home Sales activity jumps right out at you. There were 18 fewer homes changing hands or -14%, which in turn pulled down the Total Home Sales Volume by 11% YET the Median Home Sales Price remained stable. I don’t see prices on the NORTH FORK going down, frankly I believe much of the decreases on these charts was due to a lack of inventory.

Ty Wenzel

Co-Publisher & Contributor

Ty Wenzel, a recent breast cancer survivor, started her career as a fashion coordinator for Bloomingdale’s followed by fashion editor for Cosmopolitan Magazine. She was also a writer for countless publications, including having published a memoir (St. Martin's Press) and written features for The New York Times. She is an award-winning writer and designer who covers lifestyle, real estate, architecture and interiors for James Lane Post. She previously worked as a writer and marketing director for The Independent. She has won multiple PCLI and NYPA awards for journalism, social media and design, including best website design and best magazine for James Lane Post, which she co-founded in 2020. Wenzel is also a co-founder of the meditation app for kids, DreamyKid, and the Hamptons social media agency, TWM Hamptons Social Media.