2021Q3 marks the shift of buyer's market to seller's market. As we await for more information and data from other firms, here's a glimpse of the data from Douglas Elliman. Manhattan +1.4% Increase in Median Sales Price -15.2 months of supply (due to huge increase in number of sales) +228.9% number of sales (number of sales tripled) + 9 days on market -3.3% Negotiability % of higher bidding...
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Brand New Building | 67 Stories | 802 Units | Winter 2020 Closing Suite price: from $660,000 1-bedroom Price: from $900,000 2-bedroom price: from 1.2 million 3-bedroom Price: from 2.4 million
The first quarter 2020 housing price report is finally out, and this time the focus will be on the period after February, as the February-March data is generally said to be the indicator of the next year's housing prices in New York. The direction of real estate in the beginning of spring can be inferred by observing February and March to a large extent.If you are interested in reading last quarter's...
Buyers...
Manhattan continued to suffer a huge blow in 2020 Q3. And that applies to both sales and rental. Today is 10/24/2020 and I have finally put together all the available Manhattan market reports for 2020 Q3, so without further ado, let’s jump straight into it. Here’s an overview of the market. Firstly, we see a drop of about 40% in number of salesWe also see an significant increase in...
New York's second quarter housing price reports are out. I currently have DE's, Streeteasy's and a few major companies' reports, but the data is really confusing, so it will take some time to compile. Let's talk about the current situation, the overall housing prices and transaction volume really suffered a heavy blow in the second quarter, not only is the price of housing a two-digit decline, the volume...