Supply is rising and pending sales are falling. Does that mean the market is flooded with desperate sellers and prices are plummeting? Nope.
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Bill and Ralph's Blog
We keep our ears to the ground to provide you with real-time information you’re not going to see in the media. Just as we expected, there’s been a big influx of listings on the market since Labor Day.
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While it's infinitely worth it, the process of buying a co-op apartment can be a pain in the a**. A major hurdle is the co-op's financial requirements. We recently helped some clients purchase a co-op for their child, who was new to the city and didn't have the resources to do it on their own . Here's the workaround we employed.
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Last week a colleague was involved in a five-way bidding war for a $2.5M Park Slope co-op. He was very surprised since this is one of the slowest times of the year. Here’s what he did, and our three takeaways.
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We're seeing signs of buyer confidence as Labor Day approaches. Last week in Manhattan, 205 contracts were signed; a 9.6% increase over the previous week. Brooklyn saw 147 contracts and a 9.7% increase, virtually identical to Manhattan's.
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Every Monday morning, hundreds of Compass NYC agents have a group call. It’s an opportunity to share our experiences and learn about what’s happening in the market in real time. After all, we're in the trenches every day, so nobody knows it better.
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We've been feeling it, and the numbers are backing it up. The market is back to the normal "summer slowdown."
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We’re pleased to share Compass’ Manhattan Market Report for the second quarter of 2022. It sure was a busy one! What’s in store for Q3?
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Real estate market reports provide valuable data and insight, but here are a few things to remember when you read them.
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There's real opportunity for investors in New York City today. The median monthly rent for an apartment is $4,000, the highest it's ever been, and there isn't enough supply to meet demand. It could be time to buy an investment property.
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Interest rates are rising, there's talk of recession, and you're thinking about listing your home. Should you do it? The answer is yes.
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What does the relentless drumbeat of bad news mean for the New York City real estate market? As we've been saying for several weeks, it's cooling, but still more active than it's historically been this time of year.
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2021 was a record year in the Manhattan real estate market. A return towards normal was inevitable.
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The number of Brooklyn listings has been ticking up, which is not what we normally see as we head into summer. At the same time, pending sales have remained pretty flat over the last couple of weeks. You know what that means? Increased opportunities for Brooklyn buyers.
Read MoreIt's puzzling. Signed contracts and pending sales continue to increase. But, get a few brokers together and we'll all talk about the noticeable overall slowdown in open house attendance and showing requests. What gives?
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We've been driving home the same message for several weeks now: despite the war in the Ukraine and rising interest rates, the Manhattan sales market remains strong.
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Despite what’s happening, the Manhattan and Brooklyn markets keep chugging along.
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This artfully designed home provides an abundance of the three things on every New Yorker's craves - space, light, and storage.
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The current four year labor agreement, covering door personnel, porters, handypersons, superintendents and others, is set to expire on April 20, 2022.
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There just aren't enough homes on the market to meet buyer demand.
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