Why Do You Need an Expert Agent to Price Your Home Accurately? Overpricing is often seen as the main reason why certain homes last longer on the market compared to others. It’s a tricky situation to be in because you don’t want to undersell your home, but at the same…

Week of 12/20/2021 This week in both Manhattan and Brooklyn overall supply continued to decrease, while pending sales rose, driving the Market Pulse higher again. Manhattan’s market pulse is 0.81, the highest in three months, and Brooklyn’s is 1.20, setting a new high water mark. Both new supply and contract activity in Manhattan…

Week of 12/13/21 This week, total supply in Manhattan and Brooklyn continued to decrease and pending sales rose in both boroughs. The Market Pulse increased, as inventory is declining while demand is increasing. Manhattan’s market pulse is 0.77 and Brooklyn’s is 1.15, indicating strong buyer activity and increasing leverage for…

Manhattan Market Update

Week of 4/10/23 A Buyer’s Market or a Seller’s Market: What Does Elegran’s Leverage Indicator Tell Us? When we talk about real estate, we typically discuss demand, and for good reason, since demand is the fuel that runs the industry. This week, however, we want to broaden our focus and provide an update on the other metrics powering Elegran’s Leverage Indicator: supply, median listing…

Brooklyn Market Update: A Potential Shift From a Buyer’s to a Seller’s Market

Manhattan Market Update: A Potential Shift From a Buyer’s to a Seller’s Market

Week of 4/3/23 The Q1–2023 Results Are In With Q1–2023 in the books, where does NYC residential real estate stand? In terms of demand, the city is 22% ahead of the average pre-pandemic* first quarter. So, as we’ve been suggesting over the past several weeks, the real estate market in the city isn’t just seasonally…

Week of 3/27/23 Did Bank Panic Spill Over Into NYC Residential Real Estate? This Week Was the Litmus Test This week, we anxiously watched the contract numbers in light of Silicon Valley Bank’s collapse. But why, when news of the bank fallout is now over one week old? Well, because a signed contract is a week to 10 days in the making, which means that contracts…