Mixed Signals From the Market? | April 2023 Manhattan Real Estate Market Report

Real Talk NYC Real Estate

• 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.
• This month the market sent us quite a few mixed signals. In April 2023, the overall number of contracts signed dropped 37% since April 2022 and 18% since March 2023. Inventory numbers surged to 7,877 active listings, a two-year high. Meanwhile, days on market continued the steady decline that began in February 2023, settling at an average of 121 days by the end of April.
• So, what does this mean for buyers and sellers as we head into May of 2023? Tune in to hear what John and Jonathan think.
• If you have any questions about the market, what the future could hold for your property, or just want to know some more about that listing down the street, feel free to give us a call.
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