Elegran Leverage Indicator: Is NYC a Buyer’s or Seller’s Market?

Identifying today as a “Buyer’s Market” or a “Seller’s Market” is important because it signals which party to the transaction holds the leverage. More importantly, it indicates which party should be rewarded for their patience and which should be rewarded for acting quickly. The most digestible

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Elegran Manhattan Market Update: October 2022

Overall Manhattan Market Update: October 2022 Contracts dipped in September which — historically and intuitively — is to be expected since buyers have not yet been afforded the time to visit, vet and verbalize offers on the large volume of inventory that comes to market during the month af

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Elegran Brooklyn Market Update: October 2022

Overall Brooklyn Market Update: October 2022 For the past 3-months, Brooklyn’s contract volume has been at or very near parity with the historical average. Why is that important? Because it is a monumentally victorious headline. ^GSPC (the S&P 500 index) ended September down 25% YTD and mo

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