Sales slow in the Hamptons

October 24, 2008 08:45AM

There are about 1,500 homes for sale in the Hamptons, compared to 1,100 a year ago. The fall is traditionally the second-busiest time for real estate in the Hamptons, but inventory is up as open houses and real estate offices haven’t seen much traffic since Labor Day. The market offers protection for homeowners, however, because rentals remain strong, and they can still make tens or hundreds of thousands of dollars during the summer rather than accept low purchase offers.

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