Rob Morea’s NYC real estate market prediction as reported by the Real Deal Residential Scorecard

In Brooklyn, new development condo prices spiked at the end of 2015.…

1st Quarter 2015 Residential Sales Report

The New York City residential sales market posted higher average sales prices and stronger sales volume in the first quarter of 2015 compared to last year’s first quarter. The average sales price of a NYC home increased 12 percent to $898,000 compared to last year’s first quarter of $801,000 driven once again by large price increases in Manhattan and Brooklyn.…

REBNY 2Q Report: Improving Economy Drives Residential Sales in the Boroughs

With growing confidence in the improving economy, residential sales activity and prices in the boroughs saw significant gains in the second quarter of 2014, according to the Real Estate Board of New York’s (REBNY) Second Quarter New York City Residential Sales Report, New York City’s only five-borough report released today.

Average sales prices for one-to-three family homes in Brooklyn surged 21…

Manhattan Condo Prices Dip, Inventory Inches Up

In May, Manhattan condo prices dipped as inventory increased, marking the fifth consecutive month of growth in inventory, according to the monthly StreetEasy Manhattan Condo Market Report.

The decline in prices was also met with increases in pending sales as buyers took advantage of the softening prices, but keep in mind that the condo market is still extremely expensive. Prices are…