We received an email from a broker who’s wondering if other people are seeing the market do a late-August, post-subprime-crisis freeze. Cuz she’s not:

We have seen tons and tons of people coming out to new listings that we’ve had and lots of bids coming in. It’s actually quite shocking considering it
is the end of August after all. But maybe things will slow down when more comes on the market in the fall. Although in past years I recall the fall starting slowly in terms of new listings because lots of people get busy getting their kids settled in school, there’s the Jewish holidays, Columbus Day people go away, and all that. So we’ll see.

Not everything’s humming along though. The broker, who does most of her business in Park Slope and Fort Greene, notes that resales of older places seem to be doing much better than new developments. Meanwhile, a reader who’s been actively in the market for a townhouse wrote us yesterday lamenting the lack of decent product on the market and asking whether we thought the situation would change. Heck if we know. Any of your brokers out there have a sense of the post-Labor Day pipeline?