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New Year, New Market | January 2024 Manhattan Real Estate Market Update
Manage episode 402554840 series 2842391
Το περιεχόμενο παρέχεται από το The Gasdaska Conlon Team. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον The Gasdaska Conlon Team ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
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/
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