The Hamptons real estate market experienced a significant increase in activity over the past week, with 38 properties going into contract from Westhampton to Montauk. This marks a 52% rise compared to the same period last year, signaling renewed momentum in the high-end property sector.
The total dollar volume for these transactions reached $207 million, more than double the volume recorded in the same week of 2024. The data, sourced from the East End Long Island listing system, highlights strong buyer demand, particularly in the luxury segment of the market.
Key Takeaways
- Contract signings increased by 52% year-over-year, with 38 listings going into contract compared to 25 last year.
- The total dollar volume surged by 128% year-over-year, rising to $207 million from $91 million.
- Luxury properties dominated the activity, with three transactions exceeding $20 million each.
- Housing inventory tightened as the number of properties going into contract (38) surpassed the number of new listings (28).
A Sharp Rise in Property Transactions
The final week of September saw a notable acceleration in the Hamptons real estate market. A total of 38 properties were placed under contract, a figure that stands in stark contrast to previous years. According to market data, this represents a substantial increase over the 25 contracts signed during the same week in 2024.
When compared to the same period two years ago in 2023, the growth is even more pronounced. In that week, only 22 listings went into contract, making this week's activity a 73% increase over 2023 levels. This sustained growth pattern suggests a robust and strengthening market heading into the final quarter of the year.
Understanding Market Velocity
The number of listings going "in contract" is a key indicator of current buyer demand and market velocity. It reflects agreements signed between buyers and sellers and often precedes closed sales by 30 to 90 days. A sharp increase in this metric points to heightened buyer confidence and competitive conditions.
This rise in contract activity spans the entire region from Westhampton to Montauk, indicating that the demand is widespread and not confined to a single hamlet or village. The data reflects a market where buyers are actively securing properties, moving from browsing to transacting.
Dollar Volume More Than Doubles
The financial scale of the week's activity underscores the strength of the market, particularly at the higher end. The combined value of the 38 properties that went into contract totaled an impressive $207 million. This figure is a clear indicator of where the market's momentum is concentrated.
The $207 million in dollar volume this week represents a 128% increase over the $91 million recorded during the same week in 2024. Compared to 2023's $65 million, the increase is a staggering 218%.
This dramatic jump in transaction value suggests that not only are more deals being made, but the average price of those deals is significantly higher than in previous years. The growth in dollar volume far outpaces the growth in the number of transactions, pointing directly to the influence of high-value property sales.
Such a significant increase in capital flowing into the market often reflects strong economic confidence among affluent buyers, who are willing to invest substantial sums in premium real estate assets. This trend is a positive sign for sellers of luxury homes in the region.
High-End Market Drives Growth
A closer look at the transactions reveals that the luxury segment was the primary driver of the week's record-setting volume. Properties priced above $5 million accounted for a significant portion of the activity. The breakdown of the 38 contracts provides a clear picture:
- Over $20 Million: 3 properties
- $10 Million to $15 Million: 2 properties
- $5 Million to $10 Million: 6 properties
- $3 Million to $5 Million: 7 properties
- $2 Million to $3 Million: 9 properties
- $1 Million to $2 Million: 9 properties
- Under $1 Million: 2 properties
The data shows that 11 of the 38 transactions, or nearly 30%, were for properties priced at $5 million or more. The three sales over $20 million alone contributed a significant portion of the total $207 million volume, highlighting the impact of the ultra-luxury market on the overall statistics.
"The performance of the top-tier market segment often serves as a bellwether for the entire real estate landscape in the Hamptons. Strong activity in the $10M+ range typically signals a healthy and confident market."
The activity was also healthy in the mid-range, with 18 transactions occurring between $1 million and $3 million. This indicates broad strength across multiple price points, even as the luxury sector leads the charge in dollar volume.
Inventory Levels Continue to Tighten
While buyer demand surged, the supply of new properties entering the market did not keep pace. Over the past week, 28 new listings were introduced, while 38 properties went into contract. This imbalance resulted in a net decrease of 10 listings from the available inventory.
This tightening of supply is a critical factor for the market's future. When demand outstrips supply, it can lead to a more competitive environment for buyers and potentially support stable or rising property values. According to the East End Long Island listing system, the overall market inventory as of September 30, 2025, stands at:
- Total Listings: 2,064 (including active and in-contract)
- Active Listings: 1,560
- In Contract Listings: 504
The relatively low number of active listings compared to the pace of sales suggests that well-priced properties are being absorbed quickly. Buyers currently in the market may find they have fewer options and need to act decisively when they find a suitable home.
A Look at New Properties
The profile of the 28 new homes listed for sale shows that sellers are responding to the strong demand in the luxury sector. The price breakdown for these new properties is as follows:
- Over $20 Million: 1 property
- $10 Million to $15 Million: 3 properties
- $5 Million to $10 Million: 4 properties
- $3 Million to $5 Million: 5 properties
- $2 Million to $3 Million: 4 properties
- $1 Million to $2 Million: 9 properties
- Under $1 Million: 2 properties
While new inventory is coming online at the high end, with eight new listings priced above $5 million, it is still being outpaced by the number of contracts being signed in that same price range (11 properties). This dynamic reinforces the trend of shrinking inventory, particularly for premium homes in desirable locations.
