Open House Trends Suggest Manhattan And Brooklyn Markets Are Diverging

Open houses play a crucial role in the real estate market, allowing potential buyers to experience a property firsthand. While online pictures can provide valuable information, certain aspects like the atmosphere, layout, and size are best assessed in person. As the number of buyers dwindles, sellers often rely on more open houses to secure a sale. In this report, we analyze the ratio of open houses to contracts signed to gauge the market’s strength in Manhattan and Brooklyn.

Seasonality