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What’s going on in the Residential Market?
The contract activity, the number of signed contracts, for the month of December is down 4.9% compared to a year ago and also down 18% compared to the monthly historical average.
The Median Sales Price for a Manhattan apartment is $1.16M, and it’s 3.2% up compared to a year ago.
The supply, the number of units on the market, is down 2.9% compared to the same period of January ...
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What’s going on in the Residential Market?
The contract activity, the number of signed contracts, for the month of November is down 5.3% compared to a year ago and also down 22% compared to the monthly historical average.
The Median Sales Price for a Manhattan apartment is $1.12M, and it’s 1% up compared to a year ago.
The supply, the number of units on the market, is down 3.4% compared to December 2022. While the number ...
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Manhattan’s Real Estate market is influenced by economic, social, and geopolitical factors. Examining five key areas, this piece utilizes data and market trends to anticipate potential shifts in the Manhattan real estate market in the months ahead.
Changes in the Federal Reserve’s rates, 10-year Treasury yield, and mortgage rates strongly impact Manhattan’s real estate scene. A recent rise in rates coincided with a dip in signed contracts, prompting buyers to rethink affordability. If Fed rate cuts materialize in May ...
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