WEEKLY MARKET UPDATE
14 Dec 2024
𝐇𝐨𝐰'𝐬 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤 𝐌𝐚𝐫𝐤𝐞𝐭?
The luxury, above 3.5m, is rocking, price adjustments and pent- up demand are keeping the numbers up. Overall contacts are also doing better than last year at this time. We are still getting price reductions, not as many, but we are not having a significant number of bidding wars which would indicate a dramatic market shift.
| Luxury contract signed over 3.5M | : | 42 | |
| Overall contract signed | : | 234 | |
| New listing inventory | : | 198 | |
| Overall inventory | : | 5,910 | |
| Market pulse | : | 1.7 | |
| Days on market | : | 83 | |
| Price reductions | : | 184 |
𝐈𝐟 𝐲𝐨𝐮 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐚 𝐅𝐑𝐄𝐄 𝐇𝐎𝐌𝐄 𝐄𝐐𝐔𝐈𝐓𝐘 𝐑𝐄𝐏𝐎𝐑𝐓, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
07 Dec 2024
| Luxury contract signed | : | 44 | |
| Overall contract signed | : | 239 | |
| New listing inventory | : | 266 | |
| Overall inventory | : | 6,166 | |
| Market pulse | : | 1.55 | |
| Days on market | : | 84 | |
| Price reductions | : | 249 |
𝐈𝐟 𝐲𝐨𝐮 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐚 𝐅𝐑𝐄𝐄 𝐇𝐎𝐌𝐄 𝐄𝐐𝐔𝐈𝐓𝐘 𝐑𝐄𝐏𝐎𝐑𝐓, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
23 Nov 2024
𝐇𝐨𝐰'𝐬 𝐓𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭?
Luxury market is rocking and it appears they are buying gifts for themselves for the holidays. Market is moving sideways, regarding volume and prices. Price reductions are still significant but leveling off.
| Luxury contract signed over 3.5M | : | 42 | |
| Overall contract signed | : | 265 | |
| New listing inventory | : | 205 | |
| Overall inventory | : | 6,540 | |
| Market pulse | : | 1.4 | |
| Days on market | : | 86 | |
| Price reductions | : | 240 |
𝐈𝐟 𝐲𝐨𝐮 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐫 𝐚 𝐅𝐑𝐄𝐄 𝐇𝐎𝐌𝐄 𝐄𝐐𝐔𝐈𝐓𝐘 𝐑𝐄𝐏𝐎𝐑𝐓, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
18 May 2024
𝐌𝐚𝐧𝐡𝐚𝐭𝐭𝐚𝐧 𝐖𝐞𝐞𝐤𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 – New – 30 day contract signed, gives another interesting stat, a running tally of what the month will look like. Price reductions are starting to take center stage in their number as are luxury contracts signed.
| Luxury contract signed over 3.5M | : | 41 | |
| Overall contract signed | : | 248 | |
| New listing inventory | : | 524 | |
| Overall inventory | : | 7,408 | |
| Market pulse | : | -2.7 | |
| Days on market | : | 83 | |
| Price reductions | : | 428 |
𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐨𝐫 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐚 𝐇𝐨𝐦𝐞 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
11 May 2024
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𝐌𝐚𝐧𝐡𝐚𝐭𝐭𝐚𝐧 𝐖𝐞𝐞𝐤𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - Best week in a while!! Luxury contracts are helping the market, and this week overall contracts were good also. Inventory is climbing as are price reductions. The market is hopefully starting to ‘unfreeze’!
| Luxury contract signed over 3.5M | : | 42 | |
| Overall contract signed | : | 260 | |
| New listing inventory | : | 449 | |
| Overall inventory | : | 7,323 | |
| Market pulse | : | -1.65 | |
| Days on market | : | 87 | |
| Price reductions | : | 393 |
𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐨𝐫 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐚 𝐇𝐨𝐦𝐞 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
04 May 2024
WEEKLY MARKET UPDATE
11 May 2024
𝐌𝐚𝐧𝐡𝐚𝐭𝐭𝐚𝐧 𝐖𝐞𝐞𝐤𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - Still in Spring Market but contracts signed moving sideways inventory moving up as it does in the Spring. Price reductions were significant and are having an impact on the market.
| Luxury contract signed over 3.5M | : | 31 | |
| Overall contract signed | : | 224 | |
| New listing inventory | : | 588 | |
| Overall inventory | : | 7,169 | |
| Market pulse | : | -1.04 | |
| Days on market | : | 92 | |
| Price reductions | : | 479 |
𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐨𝐫 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐚 𝐇𝐨𝐦𝐞 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
27 Apr 2024
WEEKLY MARKET UPDATE
20 Apr 2024
WEEKLY MARKET UPDATE
12 Apr 2024
Julian is in the top 8% of brokers nationwide, which demonstrates his exceptional skills and knowledge. With over 20 years in the business, and 200 apartments sold, Julian has a wealth of experience and knowledge to offer his clients. Contact him today so he can guide you through the buying and selling process.
