Weekly Manhattan Real Estate Market Report.

20 November 2023

Supply: There were 194 new properties on the market over the last 7 days, a decrease of -30% compared to last week. This adds to a total supply of properties available on the market for sale at 7,024. Contracts signed: […]

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Financial District: The New York City area where families are occupying vacant office spaces

17 November 2023

In recent years, several old office buildings, including a 1907 office tower and the former Bank of New York headquarters at 1 Wall Street, have been converted into luxury apartments. This change is part of a larger trend in the […]

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Weekly Manhattan Real Estate Market Report.

13 November 2023

Offer: There were 278 new properties on the market over the last 7 days, an decrease of -21% compared to last week. This adds to a total supply of properties available on the market for sale at 7,216. Contracts signed: […]

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New York rent prices fall for two months in a row!

10 November 2023

 In October, Manhattan rents decreased for the second consecutive month, indicating that the days of rising rents are coming to an end.  According to an appraisal firm Miller Samuel, the median rent was $4,195 last month, up just +4.6% from […]

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Weekly Manhattan Real Estate Market Report.

6 November 2023

Offer: There were 356 new properties on the market over the last 7 days, an increase of +0.30% compared to last week. During the month of October there were a total of 1,588 new properties for sale on the market, […]

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Home prices in the U.S. increased continuously for the sixth consecutive month.

3 November 2023

Notably, the city of Chicago has consistently shown the most significant gains for the fourth consecutive month.  The S&P CoreLogic 20-city house price index demonstrates a +1% rise in August compared to the previous month, while the national index exhibits […]

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The legendary Flatiron Building is being converted into residential!

27 October 2023

The Flatiron Building is undergoing a residential transformation, as the Brodsky Organization has purchased a share in the renowned landmark. Teaming up with the Sorgente Group, the prominent New York real estate family will oversee the conversion of the 120-year-old […]

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Weekly Manhattan real estate report

23 October 2023

As of October 23, 2023, the real estate market is still very dynamic. The number of properties on the market witnessed a substantial increase with 392 new listings for sale this week, a rise of +16.3% from the week before. […]

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REBNY adopts new buyer’s agent commission rules

20 October 2023

The Real Estate Board of New York (REBNY) is introducing changes to buyer’s agent commission rules, effective January 1, sparking reactions among agents. Under the new rules, listing brokers will no longer pay buyer’s agents; instead, sellers will directly compensate […]

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