Tuesday, April 27, 2021

Recovery fueled by low mortgage rates and pent up demand

 


The Manhattan sale market has been robust the past few months as reflected by the Pending Sales and Weekly Contracts Signed metrics.  

Pending Sales has been increasing weekly since July 2020. Meanwhile, we had the 8th week of 300+ contracts signed per week. We are definitely recovering and at the beginning of the next up cycle in Manhattan real estate


Visit our website at https://www.castle-avenue.com


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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