Is Manhattan real estate picking up? The Manhattan real estate market, a microcosm of New York City’s dynamism, experienced a rollercoaster ride in 2023. Soaring interest rates dampened buyer enthusiasm, leading to a significant drop in sales volume compared to the record highs of 2021. However, as we enter the second quarter of 2024, experts see signs of a stabilizing market with potential opportunities for both buyers and sellers.
Get our 2024 forecast on sales, prices and what metrics to watch for buyers and sellers here: Manhattan Real Estate Market Forecast 2024
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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