CategoryMarket Reports

New York City Rents Remained High As Mortgage Rates Stay Put

Manhattan rents fell unexpectedly as Brooklyn & Queens rents barely budged New lease signings and listing inventory soared in New York City as churn persisted Listing discounts go "negative," reflecting the marketwide premium above ask Elliman Report: May 2024 Manhattan, Brooklyn & Queens Rentals The listing discount metric in the report is the percentage difference between the original...

Despite Blue Lights, Manhattan New Signed Contracts Remain Sleepy

Our May New Signed Contract Report for the New York metro area came out today and the annual results for condos were underwhelming. Newly signed condo contracts fell 5.2% annually as their new listings slipped 3%. However, above the $5 million threshold, roughly the top 10% of the condo market, newly signed contracts jumped annually. Despite condos being a highcash market, at roughly 66.3% of all...