“The first quarter of 2026 underscored a more discerning East End market — one that continues to be well supported by pricing strength and sustained demand. On the South Fork, elevated activity at the high end drove the median price up more than 20%, including eight transactions above $20 million, highlighting continued confidence among luxury buyers.

Across the North Fork, market activity remained steady, with half of the submarkets posting gains, even as overall transaction volume moderated. Inventory continues to be constrained across the East End, and well-priced homes are attracting strong interest. Buyers are approaching decisions with greater intention, but the underlying confidence in the market remains firmly intact.”

– Ernie Cervi, Regional Senior Vice President, East End

South Fork/Hamptons

Sales across most of the South Fork were down, with only four of the 10 hamlets east of the Canal reported double-digit annual gains.

• The 17% decline in sales reversed a five-quarter trend of steady or increased sales, which was the longest streak since 2021.
• Southampton Village had the largest increase in sales this quarter, up 28% annually to 23 reported sales.
• East Hampton Village and Amagansett each reported 45% fewer sales this quarter as compared to last year.

With an increase in high-end transactions this quarter, median price increased 21% annually to $2.4M, and average price was up 18% year-over-year to $3.824M.

• Even with price metrics up this quarter, sales volume ticked down 3% to $1.426B.
• Bridgehampton/Sagaponack saw median and average price both surge 86% year-over-year.
• As the $70M sale skewed figures last year, sales volume declined 62% annually in Amagansett.

Residential Luxury Market (top 10% of all residential sales):

• Luxury average price increased 16%, to $14.977M, in part due to the eight transactions over $20M as compared to four last year.
• Median price rose 29% to $11.750M due to a combination of ultra high-end sales and a smaller share of sales under $10M.
• The most expensive reported closing was a $58M sale of an oceanfront residence in Bridgehampton/Sagaponack.

North Fork

Sales activity during First Quarter 2026 was 23% below the 10-year first quarter average (143), as there were 110 reported closings, an annual decline of 5%.

• Though overall sales declined, half of the six submarkets reported annual increases, with Mattituck/Laurel experiencing a 29% jump.
• Aquebogue/Jamesport saw five fewer sales as compared to last year, a decline of 28%.

Though median price ticked down 12% this quarter, it is still only the third quarter in the last six years to report an annual decline.

• Due to a growing share of sales under $500K, average price also declined, down 19%.
• Aquebogue/Jamesport was the only submarket with a year-over-year increase in median price (up 6% to $899K).

Residential Luxury Market (top 10% of all residential sales):

• The average luxury sale price on the North Fork fell 29% annually and median price declined 28% year-over-year, because of a much smaller share of sales over $3M than a year ago.
• The highest priced sale was a home with 100 feet of bayfront that sold for $4M.

Read the full report