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We are excited to share with you the latest insights and highlights from the Manhattan real estate market. Welcome to our newsletter, tailored to provide you with exclusive updates and curated content to elevate your real estate experience! |
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| | | | | Manhattan March Market Report |
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Contract signings fell by 14.7%, and there was a noticeable uptick of 10.7% in the average duration properties stayed on the market compared to last year. Unlike the previous month, both average and median sale prices experienced an increase, with a rise of 25.3% and 19.5%, respectively. |
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| | | In March, the luxury real estate market (properties valued at 4M+) experienced a notable shift in activity. The month began with 28 contracts signed in the first week, followed by a peak in the second week with 40 contracts signed. This marked a change from the previous pattern, where peak activity occurred towards the end of the month. Source: Olshan Market Report |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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