NYC Market Update: Late-Blooming Spring and Where Buyers Are Actually Competing

This spring has been a bit of a late bloomer, but the last week gave us something we like to see in both boroughs - real contract momentum showing up on the board. Inventory is still tight relative to recent years, and that’s keeping the market more balanced than the...

Manhattan & Brooklyn Market Highlights: A Spring Season That May Have More Runway

Spring arrived a bit later than usual this year, but the market is showing signs that the season may stretch deeper into May and June. While neither Manhattan nor Brooklyn has seen the kind of explosive “gangbusters” activity associated with peak-cycle years, both...

Spring Market Reality Check: Stable… But Far From Easy

If this spring market feels harder to read, it’s because it is. On paper, everything looks steady - inventory is building, contracts are getting signed, and demand hasn’t fallen off. But in practice, the market has shifted into something more nuanced: stable, yes—but...

Manhattan Market Update: Spring’s Tight Inventory and Q1 Check-In

We’re in the heart of the spring season now, and the market is doing what it typically does this time of year: supply is trying to build, demand is trying to build, but the real story is still in the year-over-year comparisons. This week’s numbers reinforce the theme...
Wrapping Up 2022!

Wrapping Up 2022!

The story here is that low supply has been keeping the market in check. Supply has been moving in-line with 2021 numbers almost exactly since July. Because this has been following the seasonal curve, we treat this as uneventful. Having said that, we remain in a...

How to value outdoor space in New York City real estate

How to value outdoor space in New York City real estate

Everyone knows having outdoor space is a luxury in New York City.  It is also valuable! But, just how valuable is it? This depends on the size, kind, and shape of the space. Let’s take a look.   Outdoor space is not valued the same as indoor space   First of...

A Positive Step Forward

A Positive Step Forward

Last week ended with good news as the most recent inflation report (CPI) came in lower than expected on Thursday.     The result? The stock market rallied to its biggest day in 2 years.  Mortgage interest rates took an immediate and notable move down.    All...

All eyes were on October!

All eyes were on October!

To be honest, we had all eyes on October hoping for an uptick in transaction activity. It didn’t happen. The fall market deal volume has been painfully slow.    On the supply side, we have likely topped out on new listings for the season and are beginning to see...

3Q22 Is a Wrap! What’s Next?

3Q22 Is a Wrap! What’s Next?

We are officially in the fall market. Let’s review three important points: (1) what did Q3 tell us; (2) where are we now; and (3) how do rates play into this?   POINT ONE - Third Quarter Market Report - What is Notable?   Median and Average prices rose...

Early Fall Market: What to Expect in Manhattan and Brooklyn

Early Fall Market: What to Expect in Manhattan and Brooklyn

Happy almost fall! Before we get into it, it’s important to note that September is the lowest deal-volume month of the calendar year so there is nothing grand to report in terms of unexpected changes. The macro shift, in our opinion, has occurred and what we are...

How much does height matter in pricing a home?

How much does height matter in pricing a home?

There are so many things that go into the value of a home in New York City, with the most obvious being location, size and condition of the home. But, New York City is unique in that floor height can also change the listing price of a home, even within the same...

Saying Goodbye to the Summer Market

Saying Goodbye to the Summer Market

The summer market is nearing its end and all eyes are turning to the fall markets.   There are a lot of opinions out there around what the 2nd half of the year will deliver us, but it’s safe to say that the recent numbers posted on rates and inflation leaned into...

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