Manhattan Real Estate Market Report: Q3 2024

“The Manhattan market is finally showing signs of a comeback, with demand indicators improving for the first time since 2022. We have seen an increase in both deals closed and contracts signed, and deals are moving faster – times to market are faster than ever before.” over two years. It's clear buyers are re-engaging, but value remains top of mind as the price per square foot continues to decline for the sixth consecutive quarter. As demand outpaces new supply, we are keeping a close eye on the fall season. If the Fed continues to cut interest rates, putting more supply back on the market, prices will continue to rise. To all the potential buyers out there, I wouldn’t wait too long to make your move.”

– Pamela LiebmanPresident and CEO of Corcoran