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Market Reports: Plummeting Hamptons Edition

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Our homeys at Curbed Hamptons crunch the latest housing data out east, and it ain't pretty: "Cumulatively, the median price for homes on the East End for 'first six months of the year was $605,000, down 22% from 2008'. That drop has affected individual towns as well, with East Hampton seeing some significant changes. The village now follows Amagansett with a median price of homes at $2.4 million, which is 22% less than last year. Amagansett, interestingly enough, became the most expensive town in the Hamptons, seeing a rise in median home prices from $1.96 million to $2.73 million this year." [Curbed Hamptons]