The NYC Real Estate Market - More Listings, Busy in Brooklyn, Slower in Manhattan

We keep our ears to the ground to provide you with real-time information you’re not going to see in the media.  Aside from staying on top of the data, we constantly speak with with fellow agents, attorneys, and lenders to share our experiences and perspectives.  Here’s this week’s intel.

Just as we expected, there’s been a big influx of listings on the market since Labor Day.  The past week alone saw 937 in Manhattan and 427 in Brooklyn.  Brooklyn open house traffic was strong on Sunday, while Manhattan traffic was slow.  

It’s too soon to know if this means anything over the long term.  It could just be that it was 9/11, a tough day for many of us New Yorkers, and rainy.  We suspect that’s the case, and will have a better idea in early October after Yom Kippur when the market traditionally heats up.

In the short term, Brooklyn sellers would do well to list their homes as soon as possible and take advantage of the activity.  Manhattan buyers, get out there ahead of your competition.  Seller or buyer, we’ll help you get the results you’re looking for.  Please reach out and let’s talk.