Maryland residents who are looking to purchase real estate in the Hamptons area of Long Island may be pleased to learn that the median sales price for homes in the area is declining. Since 2014, there has been a 6.5 percent drop in the median sales price of a home in the Hamptons. The median sales price for a Hamptons home is now at $849,000.
Fewer residential real estate sales are taking place in the Hamptons this year than they did last year. At the same time last year, there had already been 700 homes purchased in the Hamptons during 2014. So far in 2015, only 590 homes have been sold in the Hamptons. Although the median sales price is lower for 2015, the average selling price for a home in the area rose by 2.5 percent since 2014.