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How dry was January?

How dry was January?

The first month of 2025 proves to be stable with only two fewer contracts signed than January 2024. The 9.5% decrease from last month can be deceiving without context. As a refresher, Q4 2024 outperformed the rolling seasonal average and December 2024 signed 21.4% more contracts than December 2023. With a fierce start to January, we were a little surprised by its performance. But then again, contracts can take 2-3+ weeks to get signed, so we are assuming there will be more deals surfacing over the next few weeks.

January experienced a healthy dose of new inventory, but then you peel back the layers to realize net inventory remained low at 13.
Listing inventory fell YOY for the third time in four years.
Sales of 4+ beds experienced the most significant increase in sales volume over the past 10 years.
Luxury market activity ($4M+) was on par with last year.

The hot topics for 2025 continue to be inventory and interest rates. We need more (quality) inventory and hope rates don't tick up. We are optimistic about breaking free from this two year, low deal volume cycle.

Recent Blog Posts

Stay up to date on the latest real estate trends.

Surprise, surprise...what blew our minds in February?

Manhattan Real Estate Activity | February 2025

Did slow and steady (and a strong Q4) win the race?

Monthly Newsletter - Q4 2024

How dry was January?

Cut through the noise with our monthly newsletter

Do you know which segment of the market is still lagging?

November 2024 Market Report

Just How Good Was October's Market Activity?

October 2024 Market Report

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Q3-2024 Manhattan Market Update

August 2024 Manhattan Market Activity

Anyone else feeling a shift in the market?

Is Manhattan Real Estate Collapsing?

Simplifying Real Estate | An Interview with Louisa M. Gillen, Co-Founder, The SIMPLE Real Estate Co.

EDITORS’ NOTE Before launch- ing SIMPLE, Louisa Gillen and Chris Palminteri spent 16 years as a top producing team at The Corcoran Group, closing more than 250 trans- … Read more

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