Memorial Day Weekend marked the official opening bell for the Hamptons season. And while most of those flooding into the East End were thinking about which beaches and restaurants to hit, residential brokers were more focused on capturing business.
That’s especially true because while prices and sales volume were up in the first quarter on the East End over last year, they were down compared to the fourth quarter.
“Everybody seems to be taking a little bit of a breather,” said Paul Brennan, the Hamptons manager for Douglas Elliman.