Weekly Manhattan & Brooklyn Market: 5/23

Photo by Harry Gillen on Unsplash Week of 05/23/22 The market is now beginning to experience a net-surplus of new listings, as supply shifts higher. This change comes after months of a prolonged net-deficit of supply. This week supply increased 2% in Manhattan and increased 7% in Brooklyn. Cont

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Reality Check on Expectations: Post-COVID New Development Absorption Study

Photo by Benny Rotlevy on Unsplash Leveraging Marketproof’s data integrity and sorting prowess, we’ve been keeping an accurate tally of weekly contracts signed on sponsor-owned units since the pandemic began. To provide some perspective, we also determined the long-term average of weekly signed

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Weekly Manhattan & Brooklyn Market: 5/16

Photo by Mick Haupt on Unsplash Week of 05/16/22 After falling last week, Manhattan supply rebounded and increased this week by more than 3% and, for the eleventh week in a row, more than 300 contracts were signed. Brooklyn’s supply also rose by nearly 2% as more than 200 contracts were signed

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