Spring market outlook
Inventory is on the rise and current market data is pointing to an active market. With interest rates rising, now is the time to transact!
The spring market looks to be starting early this year. The inventory of homes available for sale bottomed in both Manhattan and Brooklyn in the last few weeks and new listing numbers are increasing.
Manhattan inventory is once again looking to exceed 5,000 units as supply enters the market.
Brooklyn supply is also increasing.
Buyer demand has remained strong even with the holiday lull over the new year. Buyers continue to snap up supply as it enters the market. Based on the available information, the spring market is setting up to be a busy season.
As always, we are here to assist you with all your real estate needs. Please don’t hesitate to call us or email anytime.
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