East End $1 Million-$5 Million Home Sales Seize Record 67.8% Share as Inventory Falls 9.5%
Updated
Updated · 27east.com · Jul 14
East End $1 Million-$5 Million Home Sales Seize Record 67.8% Share as Inventory Falls 9.5%
1 articles · Updated · 27east.com · Jul 14
Summary
$1 million-to-$5 million homes drove East End Q2 sales, taking a record 67.8% share as median prices in that band rose 16.1% year over year to $2.2 million.
425 quarterly sales still ran 12.3% below the decade average because supply remained tight, with inventory down 9.5% from a year earlier to 1,166 listings.
The market kept shifting upscale: sales under $1 million fell to 14.6% of deals, near a record low, while $5 million-plus sales reached a record 17.9% share.
Bridgehampton led local pricing with a $5.33 million median, up 12.2%, while Amagansett posted the second-highest median near $4.3 million despite a 45% drop in sales count.
Analysts tied the price gains to larger replacement homes and scarce listings, a trend that is squeezing affordability even as younger buyers push into lower-cost areas like Hampton Bays.