Some 35% of homes listed for sale on Out East got a price cut in the second quarter of this year — up from 22% just a year prior. Many of these cuts are quite sizable — the median price drop on the East End was $100,000 in the second quarter of 2019, or 4.6% off the median asking price of $2,175,000.
In a market full of multimillion-dollar homes, sellers often need to make larger cuts to attract a buyer. We took a look at the five biggest price cuts of the second quarter, most of which were on homes that are still available. See them below, and search more Hamptons and North Fork homes on Out East.
—
Inspired to find your next home on the East End? Search Out East for rental and sale properties in the Hamptons and North Fork.