Market Updates

Jan. 7, 2025

Market Report January 2025

Posted in Market Updates
Nov. 14, 2024

Luxury Market Update: October 2024 - Frank Cogliano

I wanted to share insights from our recent luxury market analysis for October 2024. Here are a few highlights:

  • Market Growth: The luxury threshold has seen significant growth, now at $2.6 million, marking a 14.3% increase from last month and a substantial 23.1% rise year-over-year.
  • Price Trends …
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Posted in Market Updates
Oct. 11, 2024

Bidding Wars Account for Nearly 25% of Sales Q3 2024

Median sales price in Brooklyn increased to the second highest level on record as bidding wars accounted for nearly one in four sales. Sales slipped annually for the ninth consecutive month as listing inventory expanded. Sales above the $1 million threshold were where the annual gains were seen, especially from …
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Posted in Market Updates