Inventory in Shinnecock Hills is relatively high right now, with 32 active listings in this rolling three-month view. Months of supply has surged to 23.6, up sharply from a year ago, pointing to ample choices for buyers. At the same time, only 3 homes sold and 7 went under contract, and closed sales are down nearly 70 percent year over year.
Prices are adjusting to this slower pace of demand. The typical home value over the period is about $1.9 million, down a few percent from last year, while the median list price has fallen year over year as well. Sellers are also seeing fewer bidding wars, with no recent sales closing above list price and an average sale-to-list ratio of about 93 percent.
Even with slower sales, some signs suggest that well-priced homes can still move more quickly, as median days on market in this view are lower than they were a year ago. New listings are up nearly 40 percent year over year, giving buyers more options but also increasing competition among sellers. With this mix of abundant inventory, softer pricing, and selective buyer activity, both buyers and sellers can benefit from an Agent Pronto-recommended real estate agent who understands how to navigate Shinnecock Hills right now.
