In Manhattan there are signs of improvement for the sellers, as the sales volume, listing inventory, months of supply and other indicators got better from the prior quarter, although remaining lower compared to a year ago.
The market share of cash buyers fell to a new record low (40.4%) given the current low interest rates.
Talking by Numbers. Let’s try to put things in perspective.
The number of sales went up 38.8% to 1,909 from the preceding quarter, but …
by Riccardo Ravasini Since the reopening of the marke last June, 70% of the contracts signed came from a listing with a price cut. (source: ubrandigs)
by Riccardo Ravasini 
Home prices are on the up, but that may lead to trouble in the future.
The median cost of a single-family home jumped 12 percent in the third quarter to $313,500, marking the biggest year-over-year increase since 2013, according to data from the National Association of Realtors that was first reported by Bloomberg.
“Favorable mortgage rates will continue to bring fresh buyers to the market,” said Lawrence Yun, NAR’s chief economist. “However, the affordability situation will not improve even with …
by Riccardo Ravasini 
Miami’s condo market continued to show an increase in sales volume and a decrease in inventory last month, according to a new report from Miller Samuel.
The number of condos that were put into contract in Miami-Dade during October was up 12.8% compared to the same period in 2019. In Broward, condo market contracts were up 86% for the month, and in Palm Beach the increase was 155%.
Condo inventory in Miami has been shrinking since 2018, and that trend …
by Riccardo Ravasini 
Any establishment with a state liquor license, including bars and restaurants, along with gyms, must close at 10 p.m., Gov. Andrew Cuomo announced.
“NYS is taking action to stop the spread in response to rising COVID numbers,” Cuomo said in a tweet.
Covid-19 cases in New York have hit levels not seen since the spring, with the infection rate seven-day average in the city rising above 2 percent, and the statewide infection rate close to 3 percent.
Bars and restaurants …
by Riccardo Ravasini
What’s going on in the Manhattan rental Market? Let’s take a look at the October data…
After months of price declines, people are moving back to the city. The number of new leases is finally on the rise surging to the highest October peak in twelve years.
The Number of New Leases surged 33.2% to 5,641 from October 2019, representing the first increase in 14 months.
The Median Rental Price was $3,100, down -11.4% from the previous year while …
by Riccardo Ravasini