In Manhattan, the median rent experienced its first annual decline in three years.
Market Reports
In 3Q, the Brooklyn market continued to show mixed indicators.
Days on market declined annually but average price per square foot rose compared to last year.
Contract activity surges while days on market decline.
The Manhattan market is finally showing signs of a comeback.
Days on market declined annually but average price per square foot rose compared to last year.
In August, Brooklyn saw healthy inventory growth and price adjustment.
Contract activity holds steady while days on market increases.