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 toward favoring sellers, we have seen a small reversal back towards buyers.
Suooly is at seasonal levels up to 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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