Elegran Brooklyn Market Update: February 2023

Photo by Jialin Hu on Unsplash Brooklyn Market Update: Will Brooklyn Demand Post a 6th Straight Spike in Spring? During H2–2022, demand for Brooklyn was sky high. However, that subsided around the turn of the year with contract count heading back to parity with its pre-pandemic* average. That coolin

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Weekly Manhattan & Brooklyn Market: 1/30

Week of 1/30/23 For the past two non-holiday weeks, we’ve reported that demand for NYC has been significantly below its pre-pandemic* benchmark. Well, this week, the numbers are even worse. It’s time to make a call. Was NYC dangerously overbought post-COVID and now heading into a drought, or, is the

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Weekly Manhattan & Brooklyn Market: 1/23

Week of 1/23/23 Last week, we reported “news” of the worst performing week for NYC residential real estate demand since that ending December 27th, 2020. But news it was not, or so we opined, being nothing more than a carryover of the seasonal holiday slump. However, this week, the results are even w

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