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
After a tepid August with everyone hanging out at the beach or their garden September fall season brought supply to the Manhattan Market. Finally, buyers have new inventory and aged inventory at new and improved prices to choose from. Inflation, world economic uncertainty, stock market woes, and interest rates quickly rising has impacted Contract activity. The market has Continue Reading
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