{"id":301879,"date":"2026-07-21T16:17:11","date_gmt":"2026-07-21T16:17:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/301879\/"},"modified":"2026-07-21T16:17:11","modified_gmt":"2026-07-21T16:17:11","slug":"manhattan-real-estate-report-the-markets-looking-up","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/301879\/","title":{"rendered":"Manhattan Real Estate Report: The Market’s ‘Looking’ Up"},"content":{"rendered":"

\"\"<\/a>Sponsored Content<\/p>\n

It seems clear the initial conflict in the Middle East created enough uncertainty to delay our Spring market; but a Spring market it was, the strongest in years. Likewise, it pushed its momentum deep into our summer. We\u2019re just now, 3 weeks into July, starting to feel the moderation in deal volume, as people are off on vacation and recharging.<\/p>\n

Manhattan Supply
\n\"\"<\/a>At 6,098, supply has fallen -9.2% from the past month and has fallen -9.9% from this time last year. There is a deficit in Net Inventory Trends over the last month which is currently pushing Supply lower. Chart courtesy of UrbanDigs.<\/p>\n

It\u2019s important to note, the market\u2019s shifting\u2026or perhaps better said \u201chas\u201d shifted. Supply, which is always constrained, is off nearly 10% from where we were last year at this time. The issue on this front is that, it does not seem as if we\u2019re going to experience any material influx of inventory any time soon. Yes, we\u2019ll have a seasonal bump in the Fall and again in the Spring; but will we ever reach the levels we saw years ago? That\u2019s TBD.<\/p>\n

Monthly Contract Activity
\n\"\"<\/a>At 1,108, Monthly Contract Activity has risen 1.9% from the past month and has risen 14.5% from this time last year. Chart courtesy of UrbanDigs.<\/p>\n

And consider this, with that table set (fewer homes to choose from), monthly contract activity has increased 14.5% since last year at this time\u2026Wow! This is a clear sign that the market demand is there. With rents continually rising, increasing numbers of people are turning towards the purchase option. And the simple supply and demand principle will put upward pressure on prices.<\/p>\n

So if you\u2019re interested in buying, getting in early will serve you. On the other hand, if you\u2019re selling, the longer you can hold on the more you might get. But that comes with a caveat: are you upgrading? Are you downsizing? Where are you going? Remember, you\u2019re a buyer too!\u2026and this market dynamic is universal.<\/p>\n

After 10 years of blah\u2026flat pricing\u2026we are now at the bottom of the mountain, looking up. It will be slow and methodical, but to get to the next plateau, we\u2019re going to ascend.<\/p>\n

Anyone interested in buying or selling, should be rolling up their sleeves to determine whether the time is right to sell or if there\u2019s a home\/investment property out there for them. Who represents you matters\u2026your best investment is often in the broker you choose; find someone with experience, who you feel you can trust.<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Sponsored Content It seems clear the initial conflict in the Middle East created enough uncertainty to delay our…\n","protected":false},"author":2,"featured_media":301880,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":["post-301879","post","type-post","status-publish","format-standard","has-post-thumbnail","category-manhattan","tag-manhattan","tag-manhattan-headlines","tag-manhattan-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/301879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=301879"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/301879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/301880"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=301879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=301879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=301879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}