The East End roared into the second quarter: Compared with 2020, closed sales jumped 91 percent in the Hamptons and 95 percent on the North Fork.
Market Reports
The Palm Beach market experienced an extraordinary 2Q — its strongest quarter on record, in fact, with closed sales volume exceeding $1.5 billion.
NYC rental activity continued to surge during June — up 18 percent in Manhattan and 26 percent in Brooklyn — for a total of 11,539 lease signings.
Brooklyn’s second quarter saw the highest number of closed sales on record, as eager buyers continued to flock to the borough seeking space and value.
This quarter, closings and signed contracts soared, bringing inventory down from last quarter and helping to stabilize pricing.
New York City rental activity jumped again during May — up 6 percent in Manhattan and 14 percent in Brooklyn — for a total of 9,628 lease signings.
The NYC residential market enjoyed a record-setting month: Against 2020, contract signings surged 640 percent in Manhattan and 418 percent in Brooklyn.
New York City’s rental market got a new lease on life in April: Against 2020, lease signings surged 383 percent in Manhattan and 228 percent in Brooklyn.
The quest for privacy and outdoor space defined the townhouse market in Brooklyn during 2020. Single-family townhouse closings jumped 10 percent.