In this episode, we dive deep into the dynamics of Manhattan's real estate market in the first quarter of 2024. Join us as we analyze the latest market trends, including the impact of rising interest rates on buyer and seller behavior.

Throughout the discussion, we uncover crucial insights for anyone interested in Manhattan real estate, whether you're a seasoned investor, first-time buyer, or seller looking to make informed decisions in today's market.

From understanding the correlation between interest rates and signed contracts to exploring the challenges and opportunities faced by buyers and sellers alike, we cover it all.

If you're curious about the state of Manhattan's real estate market and want expert analysis from industry insiders, this is the episode for you. Don't miss out on valuable insights that could shape your next real estate move!

If you have any questions at all, please don't hesitate to reach out. We'd love to hear from you.

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ABOUT THE GASDASKA CONLON TEAM:

As one of the top-performing teams at Corcoran, The Gasdaska Conlon Team has seen success, but none of that matters without our clients. We treat every person we work with like we would treat our own family, and it shows. John Gasdaska and Jonathan Conlon are expert, experienced brokers and they are ready to help you buy or sell your piece of NYC real estate.

📅 Stay informed and up to date with what is going on in your city - whether or not you are ready to start a real estate transaction, the information we provide can help you make smart decisions.Come visit us at 590 Madison Avenue, NY, NY 10022, or give us a call at 212-836-1015.

John Gasdaska and Jonathan Conlon delve into the intricacies of Manhattan's real estate market as of February 2024. With a detailed analysis of the latest trends and statistics, our hosts shed light on the current state and future prospects of the market in one of the world's most dynamic cities.

In February 2024, 929 contracts were signed in Manhattan, +18% month over month and +1% year over year. Inventory was a mixed bag with 6,025 active listings representing a -3% drop year over year and a +5% increase month over month. Days on Market fell to 153 days, a +3% change year over year and -10% decrease month over month.

This episode is a must-listen for anyone interested in the pulse of Manhattan's real estate market, offering a comprehensive analysis, expert commentary, and a glimpse into what the future may hold as we move into the heart of 2024. Tune in to gain a thorough understanding of the current state of affairs and to arm yourself with the knowledge needed to navigate the ever-evolving landscape of Manhattan real estate.

If you have any questions at all, please don't hesitate to reach out. We'd love to hear from you.

0:00 Intro

0:14 Contracts Signed

0:43 How The News Causes Transitions

2:28 NYC vs. National Real Estate

3:20 Buyers Are Struggling

3:44 Inventory

4:42 Lack of Renovated Apartments

6:13 Inventory vs. Contracts Signed + Interest Rates

7:32 Days on Market

8:49 What will increase DOM vs decrease?

10:02 Outro

SHOW NOTES:

https://gasdaskaconlonteam.com/february-2024-manhattan-real-estate-market-report-analysis/

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Send us a DM! https://www.instagram.com/gasdaskaconlonteam/

WORK WITH US:Reach out at https://gasdaskaconlonteam.com/

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TikTok: https://www.tiktok.com/@gasdaskaconlonteam

Facebook: https://www.facebook.com/gasdaskaconlonteam

Website: https://gasdaskaconlonteam.com/

Youtube: https://www.youtube.com/channel/UC6O2lbwagZ12LzU9LghDXnQ

SEE OUR REVIEWS: https://g.page/gasdaskaconlonteam?gm

ABOUT THE GASDASKA CONLON TEAM:

As one of the top-performing teams at Corcoran, The Gasdaska Conlon Team has seen success, but none of that matters without our clients. We treat every person we work with like we would treat our own family, and it shows. John Gasdaska and Jonathan Conlon are expert, experienced brokers and they are ready to help you buy or sell your piece of NYC real estate.

📅 Stay informed and up to date with what is going on in your city - whether or not you are ready to start a real estate transaction, the information we provide can help you make smart decisions.Come visit us at 590 Madison Avenue, NY, NY 10022, or give us a call at 212-836-1015.

In this episode, expert NYC real estate brokers John Gasdaska and Jonathan Conlon review Corcoran's January 2024 Manhattan Real Estate Market Report and give their analysis.

In January 2024, 789 contracts were signed in Manhattan, +18% year over year and +14% month over month. Inventory continued to decrease, with 5,727 active listings representing a -5% drop year over year and a -10% drop month over month. Days on Market rose again to 170 days, a +8% change year over year and +24% increase month over month.

Last month we talked about how 2023 was a tough year for Manhattan's real estate market, but we had a lot of hope for 2024. And fortunately, that sentiment remains true - while we still have interest rates to deal with and election years are always unpredictable, all signs point toward a greatly improved market and a strong 2024.

If you have any questions at all, please don't hesitate to reach out. We'd love to hear from you.

SHOW NOTES: https://gasdaskaconlonteam.com/january-2024-manhattan-real-estate-market-report-analysis/

PICK OUR NEXT TOPIC:

Send us a DM! https://www.instagram.com/gasdaskaconlonteam/

WORK WITH US:

Reach out at https://gasdaskaconlonteam.com/

FOLLOW US:

Instagram: https://www.instagram.com/gasdaskaconlonteam/

TikTok: https://www.tiktok.com/@gasdaskaconlonteam

Facebook: https://www.facebook.com/gasdaskaconlonteam

Website: https://gasdaskaconlonteam.com/

Youtube: https://www.youtube.com/channel/UC6O2lbwagZ12LzU9LghDXnQ

SEE OUR REVIEWS:

https://g.page/gasdaskaconlonteam?gm