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Today in Real Estate:
Market Update
We hope that you had a wonderful Thanksgiving and are enjoying the holiday season, despite the cold.
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Below is our analysis of how the market fared in the Fall. The short answer: the market in both boroughs was strong, with stable prices and more contracts signed despite fewer new listings.
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Thanksgiving is usually viewed as the end of the official Fall market, though the period from Thanksgiving until Christmas can bring a flurry of activity as sellers are anxious to get deals done before the market really quiets. We will report back in a few weeks on how the "last gasp" in December turns out.
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