Methodology For Quarterly Real Estate Reports - 27 East

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Methodology For Quarterly Real Estate Reports

authorStaff Writer on Oct 25, 2019

The Elliman Report defines “the Hamptons” as everywhere from Remsenburg-Speonk to Montauk. It includes all sales between July 1 and September 30 that were recorded by the county as of three weeks after the quarter ended. The report is largely based on sales data provided by The Real Estate Report Inc. The data is supplemented by multiple listing service data to capture additional sales that have yet to by recorded.

“The methodology is consistency,” said Jonathan Miller, the president and CEO of Miller Samuel Inc., the firm that prepares the quarterly reports for Douglas Elliman Real Estate.

The Corcoran Report for the Hamptons, inclusive of the area from Remsenburg to Montauk plus Shelter Island, had some similar findings and some differences. The report counts all sales recorded by the county during the third quarter, regardless of when the sales occurred. Under this methodology, no sales go unreported, though some are reported in a different quarter than the quarter in which they occurred.

The Corcoran Group relies on The Real Estate Report Inc. to prepare its report.

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