Manhattan’s residential market may be struggling with the pandemic, but Brooklyn’s is making a big leap. Retro Style Vintage Manhattan Pullover shirt
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In August, the county nearly set a record for pending home sales, while contract activity fell in both Manhattan and Queens, according to a new StreetEasy report.
In Brooklyn, the number of signed homes is up 37% from the same period last year, with 735 transactions signed. That is well below the region’s all-time high of 748 sales pending in March 2019. Last month’s increase was largely due to lower-priced properties that would be contracted.
Sales in the area StreetEasy defined as the Prospect Park submarket (which includes Park Slope, Windsor Terrace, Prospect Heights, Prospect Lefferts Gardens, and Prospect Park South) saw the largest increase year-on-year, with 111 houses in the Retro Style Vintage Manhattan Pullover shirt area will be contacted. That’s a 117% increase from August 2019.
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In comparison, Manhattan’s contract performance was down 6% year-on-year and inventories were their highest level in more than a decade. In Queens, contract activity is down more than 4%.
In a statement, StreetEasy economist Nancy Wu said Brooklyn’s strong pending sales were a sign that “contrary to popular belief, many people are making a commitment to a long-term life. in the Retro Style Vintage Manhattan Pullover shirt city”.
Wu said Brooklyn’s performance relative to Manhattan reflects buyers’ preference for larger homes with lower prices, rather than living near the office – a factor that has been in the ice since the pandemic began. and many companies are forced to switch to remote work. Some companies, including Twitter and Facebook, have even announced that working from home will become a permanent job for some of their workforce.
“All other things are equal, Brooklyn homes are more profitable for homebuyers than Manhattan,” Wu said. “The striking increase in new deals in Brooklyn is one of the first bullish indicators for the Retro Style Vintage Manhattan Pullover shirt city’s sales market.”