Decreased prices, volume contribute to Hamptons rebound, Liebman says

The Hamptons residential market is on its way up, due in part to lower
prices and reduced inventory, Pamela Liebman, CEO of the Corcoran
Group, said on the company’s “Scoop” series. Consumer sentiment in the region has improved, said Liebman, adding that many in the industry feel the market may have bottomed out. “I think that for some people they feel that the prices there have really come down substantially and now might be a good time to step in,” Liebman said. Recent market reports have shown a jump in activity in the region, with the number of third quarter sales this year hitting 459 in the Hamptons and North Fork, according to Prudential Douglas Elliman, a 29.3 percent increase from the same time period a year earlier.