STATE OF THE MARKET

4TH QTR 2020

2020 was one of the most challenging and unpredictable years on record.  
Good riddance 2020 and welcome to 2021!

Residential real estate in Manhattan continued to experience turbulence in Q4 while showing resilience and signs that a turnaround is imminent.
 

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3RD QTR 2020

As predicted in the Q2 2020 Report, where pending sales and new contract signings were way down as a result of the COVID shutdown, the number of Manhattan sales plunged by nearly 50% year-over-year in Q3.  This is the second straight quarter of record low sales.

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2ND QTR 2020

Welcome to the Second Half of 2020, and it couldn't have arrived quickly enough; surely it will be better than the first half!  Between COVID-19, social unrest, volatility in the financial markets and massive unemployment, my colleague asked me, "What else could possibly happen?"  Personally, I am grateful that we survived Q2 and for the lessons learned.

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1ST QTR 2020

A tale of two (time periods in one) City‘s market place. Same quarter, totally different vibe. January and February were the best of times, offering a continuation of the strong end to Q4 2019. And March brought the worst of times: coronavirus and a swift and abrupt reversal to the market’s early spring bounce.

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©2018 by The Shapot Team