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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Weekly Manhattan & Brooklyn Market: 4/10

Elegran Insights: Weekly Manhattan & Brooklyn Market Week of 4/10/23 A Buyer’s Market or a Seller’s Market: What Does Elegran’s Leverage Indicator Tell Us? When we talk about real estate, we typically discuss demand, and for good reason, since demand is the fuel that runs the industry. This week, ho

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Elegran Manhattan Market Update: April 2023

Manhattan Market Update: A Potential Shift From a Buyer’s to a Seller’s Market Our leverage indicator has four inputs: supply, demand, median price per square foot, and median listing discount (all data courtesy of UrbanDigs). As is typical of spring, supply has been ticking up, which favors buyers.

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