Rising Interest Rates, World Unrest - How is the NYC Real Estate Market Faring?

Despite rising interest rates and current world events, the Manhattan and Brooklyn markets keep chugging along.  Supply is on the rise, though it can still seem like a low inventory market because of buyer demand.

From a boots-on-the-ground perspective, it feels like things may be slowing down a little; at least in Manhattan.  That doesn't mean a sluggish market - we're still at higher-than-normal activity levels.  It could just be that we're in holiday/spring break season so some buyers are taking a short hiatus.  

If that's the case, other buyers have a brief window of opportunity.  Our advice?  Take advantage of this time while your competition is lessened to see homes and make offers.  Buyer or seller, please get in touch to discuss how we can help you achieve your real estate goals.