A Winter‑Bound Start To The Spring Market This Manhattan weekly market update examines a spring season trying to start amid six consecutive snowy weekends. Buyers talk about “starting the search next weekend.” That next weekend keeps slipping as open houses feel less practical and neighborhood tours turn into slush walks, not discovery walks. Sellers feel the same constraint and delay 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 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
. Season Change, Mood Change: One Size Does Not Fit All in New York City Real Estate Market The NYC real estate market is witnessing climbing interest rates, falling stock prices, and contested elections with upcoming new elections. Recession talk abounds as the summer of 2022 moves into fall. While the job market remains strong, New York City's prevailing mood is disquiet. The real 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
The Overall Manhattan Market remains in Seller's Market Territory. The Manhattan Market Pulse chart for all bedroom configurations and price points by Urban Digs demonstrates the ratio between pending sales (a measure of demand) and supply being edged towards benefitting sellers. An increase indicates a strengthening market. A decrease indicates a weakening market. Every neighborhood Continue Reading
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. Even though the supply of homes for sale has been growing this year, Continue Reading
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