In the first quarter, the Miami Beaches market was hindered both on the supply and demand sides.
Market Reports
The first quarter of 2023 had Palm Beach real estate sales returning to pre-pandemic levels.
New York’s rental market rolled into spring on a positive note for landlords.
The Brooklyn real estate market continued to face several economic challenges in the first quarter.
In many instances, this is the moment buyers have been waiting for.
In Manhattan, the vacancy rate ticked up from January to February as apartments took longer to find tenants and leasing activity slowed.
Manhattan landlords are experiencing just enough winter traffic that they don’t feel compelled to reduce rents.
Sales activity in the Hamptons continued to decline versus last year’s highs.
The Miami Beaches market was hindered both on the supply side, by extremely low inventory, and on the demand side by rising interest rates.