What is happening with this year’s 2022 summer rental market in The Hamptons?

Here is what I’m seeing. Many people bought homes over the past two years in The Hamptons, and a substantial number of those purchasers are putting their new houses on the market for 2022 summer rentals. Prices? Rental prices are high. And there is more inventory than there was last year, because more owners are offering their homes for rent. But part of this, in my opinion, is about last summer’s record high numbers when people were still sequestering in homes for the summer months, away from Covid contagions. Now? Some want to travel … because they can. And, with the increased inventory, and the desire to perhaps travel outside the Tri-state area, the movement is not as swift as last year.

My recommendations? Price in the mid range, rather than the higher range. Offer your home in monthly, or even two-week increments (if law allows), and be willing to let some weeks go unrented. And, if you are in the market to rent a home, do it before May.

- Sarah Minardi