Real Estate News from July 2021

  • 2021: ONE FOR THE RECORD BOOKS OR A RETURN TO CONSUMERISM By Jason Thomas | July 29, 2021

    Elegran Insights has taken a closer look at the upswing in activity in the new development market in the first half of 2021.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 07/26/21 By Jared Antin | July 26, 2021

    Supply and contract activity trends diverged this week in Manhattan and Brooklyn. In Manhattan, supply decreased slightly, while contract activity increased 10% compared to the prior week. While in Brooklyn, supply ticked up slightly and contract activity was down 10% compared to the prior week.The Market Pulse in both boroughs held steady this week. Overall, this market, while down from the peak activity of April and May, remains elevated from historical norms heading through the summer.

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  • Today’s Real Estate Market Explained Through 4 Key Trends By MyKCM | July 22, 2021

    As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market.

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  • 4 Major Incentives To Sell This Summer By MyKCM | July 20, 2021

    While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are four things to consider if you’re trying to decide if now’s the right time to make a move.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 07/19/21 By Jared Antin | July 19, 2021

    Compared to last week, supply decreased another 1% and contract volume increased 7% in Manhattan this week. In Brooklyn, supply increased 1% and contract volume increased 41% compared to last week. The ratio between pending sales and supply, or Market Pulse, in both boroughs held steady while Manhattan and Brooklyn continue to be very active, which creates a favorable environment for sellers.

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  • 5 Things Homebuyers Need to Know When Making an Offer By MyKCM | July 12, 2021

    When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re ready to make an offer.

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  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 07/12/21 By Jared Antin | July 12, 2021

    After the shortened holiday week, overall supply and weekly contract volume decreased in both Manhattan and Brooklyn. As supply declines and pending sales remain elevated, Manhattan’s Market Pulse increased to 0.79 and Brooklyn’s increased to 1.12 and both boroughs remain solidly in a sellers market domain.

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  • Elegran Manhattan & Brooklyn Market Update: July 2021 By Jared Antin | July 08, 2021

    Manhattan presents an opportunity, still in the early innings, to reinvent itself and prices are only just beginning to increase. Buyers are taking notice, and demand in Manhattan exploded in the second quarter, shattering previous records. The Brooklyn market continued its strong performance in June, with over 1,000 contracts signed, rising prices, decreased negotiability and declining days on market which created an incredibly competitive market for buyers with limited supply and continued high demand.

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  • Weekly Manhattan & Brooklyn Market Data For The Week of 07/05/21 By Jared Antin | July 06, 2021

    Heading into the July 4th Weekend, supply in both Manhattan and Brooklyn decreased. Contract volume declined in Manhattan and increased slightly in Brooklyn when compared week over week. In both boroughs, more listings went into contract than came to market this week, contributing to the overall decline in listing supply.

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Blog Archive

 

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