It’s the 1st quarter report time in the real estate market, and we've just had our Manhattan apartment report results out! No surprise- it is showing that there were 33 fewer closings in the first quarter of this year vs. last year. The interesting thing is the level activity that we're actually seeing is what we call “pre-pandemic”. It's roughly speaking the same that we saw in 2019; which wasn't a bad market if you were active. Things took a little longer to sell, but things were selling and if they sold quickly it was because there was something of a unicorn type property in terms of the size, the layout, the location, something special that was meaning that basically it wasn't going to sit around for very long!

Where we are now, in terms of the weekly results, is showing that uptick as we hit Spring. Even though the weather stays and particularly spring-like, so reason to think that this is not a market in which you can transact because it absolutely is a market in which you can buy and sell; you just have to get your marketing in a place where actually it's going to do the best for you in terms of being a seller. As a buyer you have to have all your ducks in a row in terms of your pre-approval and your monthly budget.