Southampton Real Estate Market Extends Growth Trend in Price Cuts

Sales in the Southampton market remained flat at one home sold over the last 30 days, while the number of sellers reducing their list prices reached one, which continues an identifiable upward trend in price reductions. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price of all transactions in Southampton did not budge this week, remaining at $475,000. Southampton is a definite buyer's market, thanks to a big 24 months of inventory to choose from and the flat sales.

Looking for a amazing deal on your next home? Take a look at these listings that recently had their prices slashed:

$4.8M   $635K   $5M  

Get started right now by checking out Southampton homes for sale or reviewing Southampton real estate trends.

Demographic facts about Southampton:

  • The average elevation is 30 feet.
  • The area's median income per household is $68,876.
  • The student-to-counselor ratio is 353:1. (513:1 = national average)

Data reported through 10/12/2016

Comments:

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Keller Williams Realty Dulles
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Hamptons Real Estate.Com Inc
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Saunders West Llc
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