The Manhattan Market Pulse has dipped by 0.2 points from last month but is up by 2.0 points compared to this time last year. Despite this, the market remains in a neutral zone, with a slight bias toward sellers, driven by persistent inventory constraints.
Supply has surged 175.9% from last month but decreased 3.6% year-over-year, This rise in supply could affect competition and pricing in the short term, so buyers and renters should stay alert.
John Walkup from our market data research team at Urban Digs recently penned an insightful article for a Forbes column, diving into the "Perils of Overpricing."
MANHATTAN MONTHLY MARKET PULSE
