Elegran Brooklyn Market Update: April 2023

Brooklyn 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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Weekly Manhattan & Brooklyn Market: 4/3

The Q1–2023 Results Are In With Q1–2023 in the books, where does NYC residential real estate stand? In terms of demand, the city is 22% ahead of the average pre-pandemic* first quarter. So, as we’ve been suggesting over the past several weeks, the real estate market in the city isn’t just seasonally

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Weekly Manhattan & Brooklyn Market: 3/27

Did Bank Panic Spill Over Into NYC Residential Real Estate? This Week Was the Litmus Test This week, we anxiously watched the contract numbers in light of Silicon Valley Bank’s collapse. But why, when news of the bank fallout is now over one week old? Well, because a signed contract is a week to 10

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