Douglas Elliman Realty ranked as the leading real estate brokerage in the Hamptons market, according to The Real Deal.
Based on the publication’s analysis of listings and sales data from April 20, 2022, to April 20, 2023, Douglas Elliman recorded $2.01 billion in total sales volume across 771 deals.
While “interest rates, compounded with the possibility of a recession and declining consumer confidence” caused downward pressure on the market, The Real Deal notes that the top 15 brokerages logged a combined sales volume of $10.6 billion, with the top five brokerages each topping $1 billion.
Todd Bourgard, Douglas Elliman’s CEO of Brokerage for the Long Island, Hamptons & North Fork Regions, told The Real Deal that deal volume has been limited by the scarcity of inventory in the market.
“We have people that have been looking for their $3 million, $5 million and $10 million homes, and we’re having a difficult time having those homes come on the market,” Bourgard told the publication. “[But] once they do, if they’re priced properly, they’re gone immediately.”