Welcome to our monthly, data driven New York City real estate market snapshot.
The market remains in the neutral zone, however rather than continuing last month's trend towards favoring sellers, we have seen a small reversal back towards buyers.
Supply is at seasonal levels up 10.4%, while rate sensitive buyers have slowed their process down as anticipated June rate cuts did not come to fruition, reducing contracts signed by 2.9% month over month.
Contracts signed over $10M remain above seasonal averages, continuing a 12 month streak.
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