Elegran Edge
The Real Estate Blog

What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.

Articles about "market update"

  • Elegran Insights: Weekly Manhattan & Brooklyn Market Data For The Week of 06/07/21 By Jared Antin | June 07, 2021

    Given the shortened week with Memorial Day, the volume of contracts signed this week declined about 20% compared to last week, no surprise given the loss of one of the five business days. Overall supply dropped about 2.5% in both boroughs this week. The Market Pulse increased from 0.75 to 0.77 in Manhattan and from 1.03 to 1.07 in Brooklyn.

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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 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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  • Elegran Insights: Weekly Manhattan Market Data For The Week of 04/05/21 By Jared Antin | April 05, 2021

    Throughout March, more than 300 contracts were signed each week. In total, 1,492 contracts were signed, setting a record for the highest monthly contract volume since March 2007. While supply continues to decline, crossing below 7K, pending sales continue to climb. As a result, the Market Pulse rose

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  • Elegran Insights: Weekly Manhattan Market Data For The Week of 03/29/21 By Jared Antin | March 29, 2021

    The fourth week in March saw pending sales hit the 4,000 mark, setting a new long-term record with the month on pace to set a record for contract activity. The last week of the month had more than 300 contracts signed in Manhattan, while overall supply decreased. The market pulse increased to 0.57, approaching sellers market territory.

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  • Elegran Insights: Weekly Manhattan Market Data For The Week of 03/15/21 By Jared Antin | March 15, 2021

    This week the Manhattan market had more than 300 contracts signed for the second week in a row. While overall supply continues to decline, the weekly new supply is increasing, as is seasonally expected. As such, the overall market pulse was unchanged at 0.54. Whether or not overall supply continues to decline in the weeks ahead, as new inventory comes on the market, will depend on how long buyer demand will continue at the current levels. Overall, the Manhattan market is in a healthy place.

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  • Elegran Insights: Weekly Manhattan Market Data For The Week of 03/08/21 By Jared Antin | March 08, 2021

    The Manhattan market continues to accelerate as buyers are increasingly motivated to transact given the recent jump in interest rates. Liquidity has returned to the Manhattan market and the market pulse for the sub $2M market has entered sellers market territory. Market-wide, overall supply, despite an uptick in new weekly supply, continues to decline each week largely due to robust contract activity. The overall market pulse rose to 0.54 this week.

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  • Elegran Insights: Weekly Manhattan Market Data For The Week of 03/01/21 By Jared Antin | March 01, 2021

    The Manhattan market continues to strengthen and leverage shifting from buyers towards sellers. As demand continues to outpace supply, the Market Pulse rose to 0.51.

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  • Research Note: 2021 Spring Supply Projections By Jared Antin | February 25, 2021

    There is a correlation between Supply and Listing Discounts. The higher the supply, the larger the listing discount. Coming off a decade-high supply, COVID uncertainty and a spring shutdown, buyers have gotten relatively steep discounts from sellers. Where those discounts will go has a lot to do with how much supply will come to market this spring.

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  • Elegran Insights: Weekly Manhattan Market Data For The Week of 2/22/21 By Jared Antin | February 22, 2021

    Manhattan’s Market Pulse reached 0.50 this week, the highest level since January 2018, as overall supply continues to decline and pending sales rises. Additionally, the median days on market [DOM] for listings has been declining and is currently below the 6-year median for all Manhattan neighborhoods.

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