Navigating a Fragmented Market with Sean McPeak

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 *** UrbanDigs Advisor *** Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a big discount. The ROI is literally off the charts! Email support@urbandigs.com and let us know what you need. Got questions? We got answers! Visit our forum: https://www.urbandigs.com/forum/index.php?forums/main-forum.2/ Track the New York City real estate market with real-time data and charts: https://www.urbandigs.com/ Link to our overview of Manhattan or Brooklyn real estate stats: https://www.urbandigs.com/marketwide-charts/ For more Manhattan and Brooklyn real estate conversations: http://www.talkingmanhattan.com/