Even with inventory hitting record lows, the East End market is a hot spot for buyers who remain committed to securing their piece of it.
Market Reports
A spike in buyer demand plus the strong economic recovery, still-low mortgage rates and favorable taxes continue to drive this market.
If there’s anything to be gleaned from 2021’s record-setting market, it’s that buyers will pay any price for a piece of Palm Beach.
The NYC rental market had an unbelievable run in 2021. Just when many thought it was down for the count, it came roaring back to life.
Buyers are still actively searching for larger homes, driving sales in neighborhoods across the borough.
With record sales volume, 2021 was perhaps the best year ever for the Manhattan market.
In Manhattan, limited inventory and rising rents tempered activity. Brooklyn inventory continued to drop as year-over-year prices increased.
Rents increased year-over-year in both boroughs, but some segments have bounced-back faster than others.
The East End maintained its strong momentum through 3Q: Sales volume jumped 71% YoY in the Hamptons and 12% on the North Fork.