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"Seasonably Average" July Sales Signed Contracts Return to 95% of Seasonable Norm |
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Just to "Summer-ize" the state of the overall Manhattan sales market for you ... it's just about average! In a testament to the ongoing strength of the Manhattan market, agents in Q2 managed to close $5.2 billion across 2,548 transactions! In fact, Pending Sales (Contracts Signed), at 3,259 have returned to 95% of the 15 year July seasonal average of 3,410. |
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As showing activity seasonally slows, high interest rates are turning many buyers into frustrated bargain hunters, while cash buyers secure the best from the low inventory of listings. Many reticent buyers are waiting for prices to come down, while sellers, anticipating an improving market, feel less urgency. So What Else is New? Checkout the details: |
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Q2 2023 Manhattan Market Report |
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| Have questions about how Q2 2023 wrapped up, market forecasts, or anything else real estate? We'd love to connect! Don't hesitate to reach out. |
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| | 5 BD 5 BA 3912 SF $7,750,000 |
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PRICE REDUCED! This spectacular, fully renovated, 6 floor townhouse, located on quiet, tree-lined 78th Street in the heart of the Upper East Side, is move in ready. The stunning 5-bedroom home features a breathtaking, brand new, state of the art chef’s kitchen with 10’-2” ft ceilings. The home boasts multiple entertaining spaces, from a nearly 50 ft private garden with ground floor kitchen and dining, classic parlor floor reception and library to the top floor “aerie” living room with south facing roof deck. The ultimate in intelligent, functional luxury.
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This 4,000+ sf. single family townhome features 5 bedrooms, 3 full baths, 2 half baths, 5 working fireplaces and a roof deck. |
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| | Global Real Estate Advisor Lic. Assoc. R.E. Salesperson |
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| | Licensed Real Estate Salesperson melissa.thors@compass.com |
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Office: 212-913-9058 Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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