The Real Talk NYC Real Estate Podcast: Episode 60
Welcome to the Real Talk NYC Real Estate Podcast, where experienced, expert NYC real estate brokers John Gasdaska and Jonathan Conlon break down what’s happening in the market, what you need to know whether you’re a buyer, seller, or agent, and their insight into the future, with a little bit of fun along the way.
In this episode, John and Jonathan review the Manhattan real estate update for January 2022, released by Corcoran, and what high contracts signed and low inventory mean for the market in Manhattan looking forward.
The real estate experts of the Gasdaska Conlon Team spend this episode sharing the statistics for January 2022 and what that means for buyers or sellers in the market this spring.
January is usually a slower month for Manhattan real estate because, as John G. so eloquently put it, “Who wants to go apartment shopping in 5 inches of snow?!” That being said, January 2022 was the strongest January for contracts signed since January 2014.
In January 2022, days on market declined year-over-year for the 10th consecutive month. This, coupled with low active listings, mean that it’s a GREAT time to sell real estate in New York City. For prospective buyers, it’s time to roll up your sleeves and get ready to negotiate, because we’re seeing healthy competition on many properties.
After the episode, if you have any questions about the Manhattan real estate update, or want to work together, give us a call! We’d love to help figure out the best path forward for you and your household.
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