The Brooklyn Market Pulse has been hovering on the sellers' side of the neutral zone all month.
Monthly contracts signed have been consistently increasing on a weekly basis since the end of March, and last week was the 3rd best week in terms of contracts signed all year!
Inventory remains at the lowest level seasonally for the last 5 years, with the exception of May 2020, and it is likely we have hit the peak for the year.
Generally, buyers have become more comfortable with the existing rate environment, and are prepared to move forward with "life" decisions before summer really gets going.
