Weekly Manhattan & Brooklyn Market: 5/1

Week of 5/1/23 Sales Remain Strong as the Spring Season Begins To Wind Down As we’ll learn from the bar graph below, demand for NYC residential real estate is still well above the pre-pandemic average,* but appears to be winding down after peaking during the last week of March. It will be interestin

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Weekly Manhattan & Brooklyn Market: 4/27

Week of 4/24/23 Resale Rebounds Demand rebounded this week after softening last week in response to the religious and academic holidays. It was, however, bifurcated across the primary (new development) and secondary (resale) markets, with the latter reporting stronger performance. That being said, n

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Weekly Manhattan & Brooklyn Market: 4/17

Week of 4/17/23 A Decline In Demand This Week: Problematic or Expected? Demand, as measured by the number of contracts signed, was softer this week after last week’s religious holidays. However, after examining the historical data, we find that’s typical for the second week following a major holiday

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