Hey everyone, it's James at Yoreevo, New York's #1 commission rebate brokerage with our February 2024 Manhattan Market Update, and if you remember last month, we had a very solid January. A big improvement from what we saw in the fall, but the question was how sustainable was that demand, were we're going to see it carry through into February, and the good news is it didn't. We had a very solid February. We are up 9% on a year-over-year basis and 6% compared to normalized levels of demand. So here is the total number of contracts signed. Here it is by price point, but this is the chart you want to focus on. This is the one we keep coming back to every month because this is what's important. This is comparing the number of contract signed to the 2017 to 2019 average. And you can see in January, we're up 9%, in February we're up 6%, but that 6% is arguably more important because that is in the face of, or more impressive I should say, and more important, because mortgage rates drifted up in February. So in January we were bouncing around 6.5% and now we are pushing 7%. So the buyers are out there despite higher rates. They remain undeterred. They're signing contracts, simple as that. And a big part of the reason is the number of listings on the market remains tight. The buyers who are out there. They have fewer options so they're acting with more urgency on the properties that they have. Here you can see the total number of listings on the market, no change here whatsoever. We are down 3% in February and we are down 3% in January as well. So that's really it, but the next big test or another even bigger test will be in March, April, May. So the number of contracts signed in February is 20-30% more than in January but it's another 20-30% step up in March, and then it kind of plateaus from there. So if we can continue these demand trends into March, April, May, we're going to be setting up for a pretty good year, and that brings us to our 2024 New York City Home Sale Survey. We asked mailing list to estimate the number of homes sold in New York City this year. Last year we sold about 32,000 homes and you can see here, most people are in that 35-40,000 bucket so that's a 10-20% increase versus last year, and so far so good, especially if we can continue this strong demand into the bigger months of March, April, May. This is looking very realistic. So if you did not get the survey invitation, make sure to sign up on our mailing list, so that you can get next year and potentially win an Amazon gift card. And if you are on the market to buy, we'd be happy to slice and dice this data. Get you commission rebate for up to 2%. And if you're looking to sell, we're also happy to slice and dice this data and save you boatload on your brokerage commissions. So you can reach out to me at james@yoreevo.com. Thanks for watching and we will see you next month, bye.