Real Estate News from May 2021

  • What It Means To Be in a Sellers’ Market By MyKCM | May 30, 2021

    If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 05/24/21 By Jared Antin | May 24, 2021

    This week was a momentous one for NYC as the city began to fully reopen. The sense of relief was palpable and the energy was real. Coupled with beautiful weather, NYC was alive and well — and this energy certainly carried over to the real estate market. A surge of new inventory came on the market in Manhattan this week, bucking typical seasonality when new listings decrease heading into Memorial Day.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 05/17/21 By Jared Antin | May 17, 2021

    Contract activity remained elevated while new supply decreased in both Manhattan and Brooklyn this week. Manhattan pending sales now exceeds 5,000, setting a new record.

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  • 4 Big Incentives for Homeowners to Sell Now By MyKCM | May 13, 2021

    The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 05/10/21 By Jared Antin | May 10, 2021

    Manhattan and Brooklyn remain incredibly active, with both supply/demand and contract activity continuing to break records! This week, 411 contracts were signed in Manhattan,282 were signed in Brooklyn and last week is the first time contract activity has been above 400 in a week since 2015 in Manhattan.

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  • Elegran Manhattan & Brooklyn Market Update: May 2021 By Jared Antin | May 06, 2021

    Given the continued robust buyer demand, and despite new listing supply, Manhattan is now a seller’s market. After a record breaking March, April surpassed that and set a new record for the most contracts signed in a month in Manhattan since April 2007. The Brooklyn market continued its ascent this month as contract activity increased 8% since last month with competition fierce for appropriately priced and/or desirable properties that are selling quickly, over the asking price with multiple bids.

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  • 4 Ways Homeownership Creates a Future of Financial Benefits By Sarah Cusack | May 03, 2021

    Buying a home is an investment that will help you gain more financial security in the future. While owning a home is not a fit for everyone, there are several financial benefits that can come along with purchasing property.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 05/03/21 By Jared Antin | May 03, 2021

    This week set another record for Manhattan real estate with 399 contracts signed. This is the ninth week in a row with more than 300 contracts, nearly reaching 400 for the first time since 2015.

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