Manhattan Is Now A ‘Buyer’s Market’ As Real Estate Prices Fall & Inventory Rises, S&P 500 Hovers At Record Levels, 'Significant Progress' On Inflation, 2% Target 'Still A Way To Go'

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Manhattan Is Now A ‘Buyer’s Market’ As Real Estate Prices Fall & Inventory Rises

According to new reports, Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024.

The average real estate sales price in Manhattan fell 3% to just more than $2 million. The median price fell 2% to $1.2 million. The gap between buyer and seller expectations is narrowing, and more deals are closing.

(Read More)

S&P 500 Hovers At Record Levels

Stocks were mostly little changed, but the S&P 500 managed to tick higher as the benchmark index heads for yet another weekly gain during the holiday-shortened trading week.

The broad-market index traded higher by about 0.1% on Friday. The Dow Jones Industrial Average shed 94 points, or 0.2%, while the Nasdaq Composite gained 0.5%. (Read More)

Team News

🎉 Happy 4th & 75th! 🥳

My mom turned 75 on the 4th of July. It was a truly special moment surrounded by so many loved ones.

I am so happy we were able to get so many members of the family together to celebrate.

Happy Birthday Mom and t

hank you so much to the 39 people who traveled from Wisconsin, Illinois, and Colorado to be at the Deerfoot Inn in the Catskills!

It was an epic event!

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Manhattan Is Now A ‘Buyer’s Market’ As Real Estate Prices Fall & Inventory Rises, S&P 500 Hovers At Record Levels, 'Significant Progress' On Inflation, 2% Target 'Still A Wa...

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