Contract activity has surpassed historical average

Contracts in pipeline +44% vs last year. Contracts signed last week +46% vs last year. Since Nov, contract activity has surpassed historical average. Why? Buyers locking in low mortgage rates and not wanting to miss out.

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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