Hey everyone! It's James at Yoreevo, New York's number one commission rebate brokerage, with our April 2026 Manhattan Market Update.

We're at the tail end of the spring selling season, and I would summarize it as pretty solid. When we look at April specifically, the number of contracts signed was up 3% on a year-over-year basis and 10% versus normalized levels of demand. You can see versus normalized levels that we've been bouncing around that flat-to-up-20% range the last couple of months. So, we're right in the middle of that. On inventory, we continue to see pretty significant declines. We are down 7% on a year-over-year basis. That is a little bit less of a decline than we saw last month, when we were down 10%, but still pretty significant declines in inventory, particularly for higher-quality product. I thought it was interesting that, despite these moves in the year-over-year comparisons, when we look at inventory versus normalized levels, we've actually been building back toward flat. We're a ways away from getting too flat, but the declines have been moderating versus normalized levels. Continuing the theme of not too much changing, we have mortgage rates. Last month, shortly after we published our market update, the 30-year fixed peaked around 6.4% to 6.5%. We've pulled back a little bit since then. We're around 6.25%, but nothing to get too excited about either way. We're at the tail end of the spring selling season, but of course, if you're looking for help, we'd be happy to help you get a commission rebate on any property in New York City. You can reach out to us at info@yoreevo.com. So, thank you for watching, and we will see you next month. Bye.