February 2022 Bronx Market Watch
Happy March, friends-
We’ve seen a lot of activity in the Bronx real estate market this February 2022. Let’s look at the highlights:
-347 new listings came on the market, dwarfing the 228 new listings from the first month of the year.
-More contracts were signed quarter-over-quarter, 250 in February versus 191 in January.
-The Bronx is solidly in a seller’s market. The absorption rate sits at 0.8 right now. If no new inventory came on the market, the Bronx would be sold out of listings in just over 6 weeks.
Got questions about the Bronx market? Drop us a line and let’s chat!
