Weekly Manhattan & Brooklyn Market: 5/15

Jason Krieger | Unsplash   Week of 5/15/23 SPRING RESURGENCE Spring demand typically peaks around the end of March or the beginning of April, and this year followed that script. However, another rise in contract activity over the past two weeks nearly matches the peak from a month ago. Typically, Su

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Weekly Manhattan & Brooklyn Market: 5/8

Week of 5/8/23 More Gas in the Spring Tank After watching spring demand wind down following the late March and early April peak, NYC contract volume recorded strong numbers again this week. Last week, Elegran’s Leverage Indicator suggested that despite a temporary reversal to a seller’s market in Ma

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Elegran Brooklyn Market Update: May 2023

Brooklyn Market Update: It Remains a Buyer’s Market Elegran’s Leverage Indicator is a comprehensive market snapshot, informing us of whether current market conditions favor buyers or sellers. In other words, it tells us which of the two groups has more transactional leverage over the other. Our leve

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