Manhattan Market Report for the week ending May 5, 2023, Supply closed out at 7,365, up 2%. Pending Sales increase and sits at 2,955; off-market listings (delisting) maintain the market pulse at a .41% level. At the spring topping point. The seller's liquidity is here, so take action. We are at the top of the peak selling season, so in another 45 days, the summer lull Continue Reading
Manhattan Market Report for the week ending April 28, 2023, Supply closed out at 7,273, up 2%. Pending Sales at 2,911 and off-market listings (delisting) maintain the market pulse at a .40% level. Buyers are in the market and interested in homes in good condition that are priced by the market. Those properties go into contract within 30 days. Those properties lingering for 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
Manhattan Market Report for the week ending February 17th, Supply closed out at 6,071 and trends up. Pending Sales at 2,198 and off-market listings (delisting) maintain the market pulse at a .36% level. In the past few weeks, spurred by the good weather and lower rates the brokerage community is witnessing a more robust buyer activity. Multiple offer situations depend on the Continue Reading
Manhattan Market Report for the week ending January 20th, Supply closed out at 5,931 and trending up for the first time this year. Pending Sales at 2,251 and off-market listings (delisting) maintain the market pulse at a .38% level. Manhattan is holding on to price action due to the resilient rental market. Luxury Market Olshan Report for the week of the 16th through Continue Reading
Manhattan Market Report for the week ending October 28th is anemic as we move into the new month. Supply and Pending Sales are both down slightly. Supply closed out at 7,765 and Pending Sales 2,678, maintaining the market pulse in buyer leverage territory at.35% As we began the month of November, Stocks tumbled as trading commenced. Traders also assessed better-than-expected Continue Reading
Manhattan Market supply is underwhelming, and we should begin to see a seasonal trend downward as we move into the holidays. Supply has risen slightly for the week of October 21st and stands at 7,748. Pending Sales are down almost 2%; 2,714. Market Pulse The market pulse measuring the ratio of supply and demand seems to be evidencing the beginning of the Continue Reading
Manhattan Market for the week ending September 30th supply of 7,398 remains in line with last year. Contacts Signed, 2,827 has broken the 3,000 thresholds we have not seen since January 2021. The fall season's lackluster enthusiasm is due to several factors: stock market jitters, rising rates, environmental and economic turbulence abroad and domestically, and holidays. We await Continue Reading
Manhattan Market week ending September 23rd inventory as expected ticked up 7,243 and remains on trend from last year. Pending Sales 3,017; demand is down 6%. Pending Sales matching historical norms. There is a reset in the market. Fundamentally, the market is removing recovery level activity from the pending sale with post-shift level activities. Most likely, Pending Continue Reading
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