Sean McPeak, founder of the Empire Collective at Serhant, sits down with Noah Rosenblatt and John Walkup to talk markets today. Sean's first market was in 2009, so in 2023, with buyside and sellside activity below typical seasonal levels, his experiences and lessons learned are super relevant. All in all, with an engaging mix of insights and real-world wisdom, Sean offers a grounded perspective on navigating Manhattan's complex real estate environment. Something for everyone here!
Highlights:
01:20 - What's going on in the markets today?
02:07 - Days on market not uniform
03:23 - Renovated vs unrenovated
04:51 - Seller sentiment today
07:21 - Could resetting ARMs bring new inventory?
09:02 - The price cut conversation
10:46 - Shift seen in closing prices, not yet asking prices
13:00 - Getting creative to get deals done
14:19 - Advice to new agents
The Home Team page:
https://hometeamnyc.com/
John's page at Elegran:
https://nyc.elegran.com/agents/john-dugan
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Link to our overview of Manhattan or Brooklyn real estate stats:
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For more Manhattan and Brooklyn real estate conversations:
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