Manhattan Sellers Beware: The Real Estate Market Is Transitioning In Favor Of Buyers

Manhattan has always been an epicenter of real estate allure and activity. But, like the city itself, the real estate market is ever-evolving, and current trends suggest a shift favorable to buyers. Whether you’re an avid real estate enthusiast or just casually observing, it’s evident that sellers are currently in a tough spot. This sets up a robust buy signal, evidenced by trends in leverage, price action, inventory options, and negotiation dynamics. This situation has been months in the making and is progressive in nature.

Looking at resale condo sales price per square foot over the summer, an incremental increase is evident: