Bye bye, sugar high: New dev contracts slow in June – Robert Khodadadian

It was fun while it lasted. Contract activity slowed across New York’s new developments in June, according to a report from Marketproof. In all, buyers signed 264 contracts, a 26 percent drop from May’s 359 deals. While the numbers show that the market’s sugar high is over — a combination of higher mortgage rates and the end of the spring selling season — some see it as a return to pre-pandemic normalcy. “Some analysts are

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Development, Home Page, Brooklyn, condo market, Manhattan, NYC Luxury Market The Real Deal New York Read More