WEEKLY MARKET UPDATE
29 MAR 2025
𝐇𝐨𝐰'𝐬 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤 𝐌𝐚𝐫𝐤𝐞𝐭?
New York’s market has sprung! Luxury contracts had one of the BEST weeks since 2021, a lot of the contracts were from sponsors. Overall contracts and new listings were full Spring ahead.
Both sellers and buyers appear to be coming to terms with the mortgage rates, and bringing more activity to the market.
| Luxury contract signed over 3.5M | : | 52 | |
| Overall contract signed | : | 300 | |
| New listing inventory | : | 492 | |
| Overall inventory | : | 6,561 | |
| Market pulse | : | .75 | |
| Days on market | : |
- |
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| Price reductions | : | 182 |
𝐈𝐟 𝐲𝐨𝐮 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 𝐨𝐫 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐚 𝐅𝐑𝐄𝐄 𝐇𝐎𝐌𝐄 𝐄𝐐𝐔𝐈𝐓𝐘 𝐑𝐄𝐏𝐎𝐑𝐓 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
22 MAR 2025
| Luxury contract signed | : | 40 | |
| Overall contract signed | : | 295 | |
| New listing inventory | : | 539 | |
| Overall inventory | : | 6,466 | |
| Market pulse | : | .1 | |
| Days on market | : | 95 | |
| Price reductions | : | 82 |
𝐈𝐟 𝐲𝐨𝐮 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐫 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐚 𝐅𝐑𝐄𝐄 𝐇𝐎𝐌𝐄 𝐄𝐐𝐔𝐈𝐓𝐘 𝐑𝐄𝐏𝐎𝐑𝐓 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞.
WEEKLY MARKET UPDATE
15 MAR 2025
𝐇𝐨𝐰’𝐬 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤 𝐌𝐚𝐫𝐤𝐞𝐭?
The Spring market is in bloom!! Luxury contracts signed look like they are on a rocket ship to Mars! Overall contracts signed are on a Springtime tear and new listings came off the bench and onto the market to give inventory a boost!
| Luxury contract signed over 3.5M | : | 61 | |
| Overall contract signed | : | 281 | |
| New listing inventory | : | 585 | |
| Overall inventory | : | 6,175 | |
| Market pulse | : | .95 | |
| Days on market | : | 95 | |
| Price reductions | : | 161 |
𝐈𝐟 𝐲𝐨𝐮 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐨𝐫 𝐰𝐨𝐮𝐥𝐝 𝐥𝐢𝐤𝐞 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.
