Some of the Manhattan real estate market is beginning to catch up with the rest of the country, with units priced under $4 million seeing a 12% decrease in listing to contract time in 2021 compared to last year, according to a new report by real estate data form UrbanDigs.
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Some neighborhoods, including Hudson Yards and Two Bridges, have seen a dramatically longer median days-on-market. In Hudson Yards, for example, homes have been listed for a median of 190 days before going into contract, versus just a month last year. ... [+]The faster time and narrower range suggests that broader demand drives today's market, instead of being concentrated in historically in-demand neighborhoods, according to the report.
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