2019 Annual Market Report

2019 Annual Market Report

  • Michael Petersohn
  • 12/31/19

A decline in sales during the Fourth Quarter of 2019 contributed to overall reductions in year-end figures on both the North and South Forks.

The total number of 2019 South Fork sales declined 18.1% compared to 2018 (1,691 in 2019 vs. 2,065 in 2018), and the total dollar volume dropped 19.3% to $3.185B.

The 2019 average sales price in the Hamptons was more stable, only dipping 1.5% to $1,883,575 while the median price was essentially static (-0.4%) at $995,000.


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Over 30 years of experience actively managing & owning residential properties. He has an excellent reputation for honesty & integrity, the talent for being a persuasive negotiator, & the keen ability to effectively match buyer and seller.