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Wall Street cash fuels Hamptons housing boom to record median price amid tight inventory

On HALO

1 week ago

The Hamptons housing market just made a new splash, but the surge is not being driven by everyday homebuyers.Instead, cash-rich Wall Street and tech executives are powering a boom in multimillion-dollar sales, pushing median prices to an all-time high even as overall sales activity softens, according to new data.According to a new report from Douglas Elliman and Miller Samuel, Hamptons homes hit the highest median sales price on record at $2.34 million, up 25% year over year. The average sales price also rose 25% annually to $3.76 million."The catalyst is absolutely tied to capital markets," D...

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1 week ago
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