{January 2020} A January As Busy As 2017
January 2020 was the busiest January in the past 3 years. In January 2019, after an abysmal 2018, the market was very anemic with a mere 296 units going into contract and around 800 new units hitting the market. Two years ago in January 2018, when the market was slowing down, 619 listings went into contract and 1354 hit the market. This year, the market activities recovered to similar levels to those of January 2017, when the market was still doing ok. Prices have not moved noticeably higher, but the renewed willingness from the buyers to start transacting suggested that a turnaround could be not too far away.
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Did you know that some actual buildings that inspired some of the most famous paintings still exist around the world?
How much would you like to sit at Café Terrace while the famous painting unfolds in front of your eyes?
The NYC real estate market was the tale of two cities in October. Total transaction volume ticked higher, even though rates moved higher and sentiment was tense. Most of our new clients were understandably quiet. But quite a few of our repeat clients, the real estate veterans, were busy putting deals together.