Q4 2021 Manhattan Market Report
January 9, 2022
The Manhattan residential real estate market continued its upward trajectory at record levels in Q4.
Read all about it HERE.
Sales volume in 2021 totaled $30B - 6% higher than the previous record set in 2007.
Sales volume in 4Q2021 was the highest 4th quarter recorded since 1989.
The $4M+ sector saw 1,877 contracts signed, double 2019 and 300% more than 2020.
400 properties over $10M closed, well exceeding the previous record of 270 in 2013.
Manhattan real estate is primed for a strong 2022, despite the swelling number of Omicron cases which hopefully will subside in the next several weeks. A pro business mayor, robust bonus season and the return of foreign buyers will stimulate market activity. With thinning inventory, this is the optimum time to list your home. I believe prices will go sideways for much of the year, so buyers should not hesitate, even though mortgages rates will inch up.
If you or anyone you know is interested in buying or selling, let's connect and overachieve. That's what I do.
Shirley Hackel, NYRS®
shirley.hackel@compass.com | (914) 980-0371