Speculation, politics, and regulation fueled the Manhattan market, leading many to anticipate a vastly different residential sales landscape on the horizon. Instead, our data indicates an interesting, yet oddly typical second quarter.
The total number of active listings surged at the end of Q1 20191 in Manhattan, continuing to be a pronounced buyer’s market.
Brooklyn proved to be an exciting market in the second quarter of 2019 after a slow start to the year. Taking a glimpse at the overall market, sales jumped 9% compared to this time last year, with a notable amount of activity in June.