September Newsletter

In August 2024, the Manhattan real estate market showed clear signs of cooling, with declining new listings and longer times on the market across all segments. This trend is typical for the summer season when many buyers focus on vacations, second homes, and kids’ summer break.

However, the news of the Fed rate cut in September, combined with already lower mortgage rates, seems to be the “nudge” most buyers needed to re-enter the market. While the NYC summer heat might be behind us, there’s growing confidence in the Fall market, leading to increased activity.

With the elections in November (which traditionally causes a pause for many buyers), September and October might prove to be the busiest months of the year. Buyers are rushing to make decisions, and sellers are eager to list their homes.

Data, of course, will tell whether my predictions were right or wrong :) But until then, follow my weekly updates and reach out with any questions.

Yours
Daniel

The best NYC events in September include everything from last-minute things to do in summer to early fall celebrations including incredible art and cultural events. Make sure to check out all the happenings you don’t want to miss, like the NYC Pizza Run, Pumpkin Nights at the Bronx Zoo, Morningside Lights, and music festivals.

Sure, summer is nearly over, but there's still time to enjoy all of the wonderful things to do outside in New York before the cold temps usher in fall in NYC with its colorful leaves, apple cider donuts and jack-o'-lanterns galore.