The Real Talk NYC Real Estate Podcast: Episode 61
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 February 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 February 2022 and what that means for buyers or sellers in the market this spring.
February is usually a dynamic month in Manhattan real estate because the spring market begins to pick up steam. February 2022 was no different, with just over 1,300 contracts signed, up 30% from last month.
In February 2022, days on market declined year-over-year for the 11th consecutive month. This is the lowest that Manhattan has seen for the month of February in five years! Active listings are also down from last month, by 29%, so there is less inventory on the market than we have seen in recent years.
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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