Manhattan’s spring window is open, but measured Manhattan’s spring market is starting to feel like itself again. It is pacing higher, not racing, with more listings, steady contracts, and slightly deeper price cuts that sharpen rather than break pricing power. This Manhattan weekly real estate snapshot explains how 6,358 active listings, 525 new listings, 264 contracts, 141 off‑market Continue Reading
This week’s split personality market Manhattan’s spring market is not frozen, but the personality split is sharpening. The city sits between steady demand and macro‑driven hesitation. War‑driven oil shocks are pushing inflation expectations and mortgage rates higher again, and that volatility is flowing straight into buyer psychology. Co‑ops and condos under $1M, where financing and job security Continue Reading
Sought-after legacy properties in a volatile week Manhattan’s market is trading through the headlines. This week’s data show a city where volume, pricing, and sentiment are rising together. The Iran war keeps credit markets and mortgage rates jittery rather than settled. At the high end, capital is looking past the noise and choosing assets with history, architecture, and long-term Continue Reading
Manhattan Weekly Market Snapshot – Week of August 11th This week’s numbers reveal a Manhattan market that is both selective and active. Co-ops saw steady traction, with the Upper East Side recording 23 contracts at a median of $949K. Midtown remains competitive with 28 contracts signed at a median of $707K, showing that well-priced opportunities still attract attention. Condos continue Continue Reading
Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity? In the simplest terms, equity is the difference between the market value of your home and the amount you owe on your mortgage. The National Association of Realtors (NAR) explains how your equity grows over time: “Housing wealth (home equity or net worth) gains Continue Reading
If you’re considering selling your home, you should know the number of homes for sale right now is low. That’s because, this season, fewer sellers are listing their houses for sale than the norm. Looking back at every April since 2017, the only year fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph Continue Reading
Manhattan Market Report for the week ending April 21, 2023, Supply closed out at 7,092. Pending Sales at 2,898 and off-market listings (delisting) maintain the market pulse at a .41% level. Mortgage Rates Mortgage rates increased for the first time in over a month due to shifting market expectations. Home prices have stabilized somewhat, but with supply tight and rates Continue Reading
If you’re considering buying a home, you want to know if the decision will be a sound one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices fall dramatically. However, as the year goes on, some markets may increase in value, and others may lose their Continue Reading
Manhattan Market Report for the week ending February 24th, Supply closed out at 6,173 and trending up 2%. Pending Sales at 2,240 and off-market listings (delisting) maintain the market pulse at a .36% level. Demand is ticking higher. Two consecutive upticks in "demand," and hopefully, it will remain for the spring season. This was a short holiday week. We are on trend Continue Reading
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