The NYC residential market enjoyed a record-setting month: Against 2020, contract signings surged 640 percent in Manhattan and 418 percent in Brooklyn.
Market Reports
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.
The East End powered into 2021 with a huge first quarter: Closed sales jumped a huge 89 percent in the Hamptons and 55 percent on the North Fork.
The Manhattan rental market surged during March: Rents were down across the borough, and contract signings jumped by an average of 220% over 2021.
The Palm Beach market remains white-hot, with the number of closed sales up 109% and closed sales volume hitting a record high, exceeding $1.2 billion.
In Manhattan and Brooklyn, 2021 started strong: pent-up demand, increased purchasing power, and desire for more space powered a remarkable rebound.
Manhattan’s townhouse market saw a Jekyll-and-Hyde 2020: Sales slowed to a halt during first half of the year but skyrocketed during the 4th Quarter.
February was an excellent time to be an apartment-hunter in Manhattan and Brooklyn: Rents dipped across both boroughs, but inventory dropped, too.