The ritual flooding of our in-boxes with Manhattan real estate quarterly market reports is nigh, and the first three months of 2010 brought plenty of happy news, but sobering data, too. The breakdown: …We’d heard late fall and winter that buyers were crowding open houses once more, and the numbers bear this out. According to the Brown Harris Stevens and Halstead reports, closings rose by an inspiring 92 percent from the same period last year. Market surveys typically differ from one firm to the next, but on this point they all agree. Streeteasy pegs that number at 83.6 percent; Corcoran, 23 percent (though after the usual lags of recording closed sales, number-crunchers there expect that number to hover at approximately 70 percent); and Jonathan Miller’s survey for Prudential Douglas Elliman’s clocked in at a more modest, though still impressive, 63 percent. That’s pretty much a consensus — rare in these parts.
April 2, 2010, New York Magazine
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