JUST RELEASED
HAMPTONS/NORTH FORK MARKET REPORT
SECOND QUARTER 2009

"Buyers have more choices and are taking longer
to make a purchase decision. They are taking advantage
of the improved affordability of the new market"

The average sales price of a property on the East End was
$1,284,486 in the second quarter, 11.3% below the $1,447,923
average sales price in the same period last year.

Listing inventory increased 23.6% to 2,286 properties from
1,849 properties during the same period last year.

There were 43.3% fewer sales in the second quarter than
occurred in the same period last year, but 52.7% more than the
first quarter. The market experienced a release of pent-up
demand from the end of 2008.

The listing discount, which is a measurement of the negotiability
between buyer and seller, increased to 16% from 8.9% in the
same period last year.

Properties that sold in the second quarter took 16 days longer
than last year to sell, averaging 156 days on the market.

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