Manhattan maintained its status as
a coveted, global city in the third
quarter of 2023. There were 2,788
closed sales, an 11.3% increase from
last quarter, but a 23.9% decline
from the elevated activity in 2022.
The Manhattan real estate market
underwent headwinds driven by
economic uncertainty and
heightened borrowing costs that
tested the resolve of buyers and
sellers. Despite these challenges,
Manhattan remains a highly
prompting buyers and sellers to
recalibrate their expectations in
line with current market
New York is set for a spring awakening. Contract activity jumped 14.5 percent quarter-over- quarter in Q1 as buyers and sellers increasingly decided to move on with their lives after largely waiting on the sidelines during the second half of 2022, accepting the reality of higher interest rates, sustained economic uncertainty, and ongoing geopolitical challenges.
As your agent, Dana combines expert negotiation and market knowledge with genuine and honest communication in order to confidently guide you through the buying or selling process.