Hello,
Here is your Brooklyn monthly market update:
The market has upticked a little bit over the last month:
25% more contracts were signed this last week vs. last week. On a monthly basis, we're up close to 8% since last month.
Obviously, this has a lot to do with the macro environment. We've had an extended spring market, really, where things would usually tend to slow down by Memorial Day, but now they're pushing further into June.
We’ve seen a rally in the equities markets since the end of May and conversely the 10-Year Treasury came in since then, which has all contributed to the recent contract activity.
We are heading into what is traditionally a slower time of the year and expect things to cool down a bit in July until fall.
I hope you found this helpful. And as always, until we see each other face to face, here's me sending you my best.
