In Manhattan, the number of contracts signed were up just slightly month over month while supply dropped almost 30%, keeping the market pulse in the neutral zone with a slight bias towards buyers.
Our experience over the last month is that buyers willing to participate during these slower months currently have an edge, and negotiability is on their side.
If you missed all the useful data we gave our buyers last week you can find it HERE.
Above $10m+ contracts signed are 52.9% above last year and 38% above rolling seasonal average, however they have dropped 25.7% from last month signaling the seasonal pause we would expect.
