What Can We Expect for the NYC Real Estate Market?

This can be a frustrating time of year for homebuyers in Manhattan and Brooklyn. The number of homes for sale is usually on the low side, and it seems like nothing new is coming on the market. That's especially true right now, when there is even less inventory available than usual.

But...I'm sensing a brighter horizon. First, there's the recent data. For the fourth month in a row, we're beating the historic average for signed contracts. It's a marked improvement over the sluggish market of the last three years.

Next, it's just the vibes. I'm busier, as are most of my colleagues. It feels like there's stuff getting ready to happen. We're cautiously optimistic that the spring market (which is only about six weeks away) is going to be an active one. Stay tuned.