Elegran Brooklyn Market Update: March 2023

Photo by Miltiadis Fragkidis on Unsplash Brooklyn Market Update: Buyer’s Market Remains Strongly in Place This month, with data pointing in numerous directions, we aim to provide our agents and their clients with a sense of whether the current is a buyer’s or seller’s market. Our leverage indicator,

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Weekly Manhattan & Brooklyn Market: 3/6

Elegran Insights: Weekly Manhattan & Brooklyn Market Photo by Jp Valery on Unsplash For months, as mortgage rates averaged 6.4%, we expressed our surprise that then current demand was at parity with demand during the pre-pandemic period* when mortgage rates averaged 4.2%. Mortgage rates have remaine

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Weekly Manhattan & Brooklyn Market: 2/27

Photo by Jonathan Roger on Unsplash For the past 3 weeks, demand for NYC residential real estate finally climbed above its pre-pandemic average* after many months spent below. It is difficult to determine whether this is seasonally expected strength, or if demand is actually more robust than normal.

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