Stat of The Day: Hamptons Home Sales Drop

The number of Hamptons home sales dropped 28.8 percent from the fourth quarter of 2007 through the first quarter of 2008, according to a new report from appraisal firm Miller Samuel. Sales dropped 42.4 percent annually in the first quarter.

At the same time, both median and average Hamptons home prices increased annually; and the inventory of unsold homes on the sales market increased both quarterly and annually.

Stat of The Day: Hamptons Home Sales Drop