NYC Market Update - 115th Edition

NYC Market Update - 115th Edition

  • Michael Meier
  • October 12, 2022

Welcome to our 115th weekly market update! We will go over the luxury market as well as the NYC market in general. 

As we approach the end of the year, we are entering a historically busy time for listings. Although we are slightly crossing over into a buyer's market, sellers still have some upper hand even though buyers have some room for negotiation. As we keep an eye on supply and demand, keep in mind this is still a good time to sell as more properties go into contract.

 

Manhattan weekly supply chart comparing 2022 with 2021, 2020, and 2019.

Manhattan demand chart comparing weekly figures for 2019–2022, with 2021 peaking in early summer and 2022 declining after spring.

Manhattan Market Pulse chart, 2012–2022, with sellers, neutral, and buyers market ranges.

Chart comparing Manhattan weekly new listings across 2022, 2021, 2020, and 2019.

Manhattan Market Pulse chart showing market levels from 2011 to 2022 and a green buyers-market threshold.

Chart of Manhattan weekly new listings, comparing 2022 with 2019, 2020, and 2021.

Weekly Manhattan market chart: supply 412, contracts signed 161, off market 208, and a 0.37 buyer’s market pulse.

One-week Manhattan market ticker with contracts signed circled at 161.

Chart comparing Manhattan monthly contract activity with historical averages from September 2019 to September 2022.

 

Thanks for reading! 

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