On May 30, 2025, at 9:09 AM EDT, Inside Wealth reported a notable decline in summer rentals in the Hamptons. Judi Desiderio, Executive Officer at William Raveis Real Estate, tells us that all rental activity has practically vanished. It’s down 30% from the average for this same time period in past years. This economy-wide downturn is indicative of new market dynamics and evolving preferences among would-be renters.
For brokers focused on the ultra-high-end rental market, the data shows they’re experiencing a much sharper drop. According to reports, these luxury rental markets have felt declines of 50%, even up to 75%. These kinds of big discounts would indicate a large-scale rescaling for demand of ultra-luxury lodgings this summer period.
Desiderio has decades-long experience navigating the Hamptons real estate market. He stressed that the drop, unprecedented for the region, is current. The Hamptons, famed for their ostentatious multi-million dollar properties and the summer influx of wealthy tourists, normally experience a hot rental market in this stretch. This year, things are very different with many brokers fighting to refill their own listings.
Several factors may contribute to this trend. Economic conditions, changes in consumer preferences, and increased availability of rental options in alternative locations could be influencing renters’ decisions. As vacationers rethink their travel itineraries and expenditures, the Hamptons rental market’s pain point is becoming abundantly clear.
These statistics and analysis from Desiderio highlight the enormous challenges rental movers will face this summer. After a historic high in both protective general and ultra-high-end rentals, brokers are forced to bend a knee to these new circumstances. It’s too early to know how this will continue throughout the summer and if demand will pick back up.