The Hamptons market remains incredibly active, even with inventory continuing to decline year-over-year and overall prices still on the rise.
Tag: Quarterly Reports
Demand was active in Palm Beach. However, sales fell 44% annually from a record-breaking 2Q, returning to pre-pandemic levels.
The housing market in Miami Beach remains incredibly active for interested buyers, even while supply diminishes.
After a record-breaking two years, the market started to cool in 1Q 2022—but rest assured, there is no shortage of active East End buyers.
Undeterred by higher mortgage rates, buyers continued to seek more space and second homes in Palm Beach and bordering communities.
All signs pointed towards a stronger and more attractive Miami Coastal Mainland market, with most trends echoing those in the Miami Beaches.
Even with inventory hitting record lows, the East End market is a hot spot for buyers who remain committed to securing their piece of it.
A spike in buyer demand plus the strong economic recovery, still-low mortgage rates and favorable taxes continue to drive this market.
If there’s anything to be gleaned from 2021’s record-setting market, it’s that buyers will pay any price for a piece of Palm Beach.