Contrary to last 

year’s activity, there were 2,555 

sales this quarter, a 4.3% year-

over-year increase and 1.9% 

quarter-over-quarter. Notably, 

condos sold for $1M and a

bove had an increase in 

transactions while those under 

$500,000 fell by 14.6% year-over-

year.

Brooklyn’s residential real 

estate market is undergoing 

changes marked by shifting buyer 

preferences and a competitive 

landscape. (Full Report)

The average year's rent for a one bedroom apartment in Manhattan is $54,732, or $4,561/mo. That amount could cover monthly mortgage and main-tenance payments for a studio or a one bedroom in a variety of neighborhoods and buildings. Owning a home can build equity, offer tax advantages, and protect you from unpredictable rent increases. It's a way to invest in yourself. (Read More)