The Manhattan townhouse market bounced back in 2021 to reach the highest number of closings in six years.
Market Reports
Larger residences and apartments in doorman buildings remain the top performers.
The luxury rental segment continues to outperform. ‘Amenities’ and ‘space’ remain the buzzwords for many of today’s renters.
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.
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.