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s Memorial Day weekend arrives on the East End, the real estate market is heating up. Experts weigh in on the current state of the market, with most agreeing that it's a tight and competitive environment.

    Barry McGovern of Hedgerow Exclusive Properties notes that high-quality, turnkey inventory is scarce, leading to bidding wars between end-users and developers. Sharp, move-in-ready homes with style and substance are selling quickly, while land with good bones is also being snapped up by builders.

    Susan Breitenbach of The Corcoran Group reports a lively market, despite concerns about the stock market and global events. She's seen significant sales in recent weeks, including $70 million worth of transactions. Rentals have also been active, with some prime properties trading fast but still good inventory available.

    Enzo Morabito of Douglas Elliman observes a nuanced market, where well-priced properties are commanding attention while overpriced listings stall. The $1-5 million range has emerged as a sweet spot for activity, offering compelling value and strong buyer engagement.

    Evan Kulman of Compass notes selective momentum in the Hamptons market, with buyers prioritizing turnkey properties in prime locations. Homes priced correctly are seeing multiple interested parties, particularly in the $3-6 million range. Inventory remains tight, keeping pricing relatively firm.

    Mark Greenwald of Saunders & Associates reports a strong market, with inventory levels rising to meet demand. He's seen a busy first quarter and expects this trend to continue through summer. Deals are being made with less negotiation for properties with special features.

    Angela Boyer-Stump of Sotheby's International Realty notes that the market feels fluid, with deals happening but momentum driven by individual needs rather than broad trends. Well-located, thoughtfully presented homes are moving, particularly in the $2-$5 million range.