Staying true to the seasonality of the month, the NYC real estate market experienced a downshift in both prices and level of activities. The Median Sales Price (MSP) for listings that went into contract in August was $1.17mm, lower than earlier months in the year and 8.5% lower than last year’s average MSP of 1.28mm. … More Prices drift lower in August
As the city empties out on the weekends, the New York real estate market also takes on the summer lull in July. This month we see a typical summer market, where there are less activities but buyers and sellers who do choose to transact in the summer tend to be more focused. The number of … More Does The Market Really Slow Down In The Summer?
The pace of the New York real estate market picked up in June, with just under 1000 contracts signed and over 800 deals closed in the month, demonstrating much more movement than April and May. Prices increased a little bit from last year. The Median Sales Price of 1.35mm is 4.5% higher than last year’s … More Sellers! How to Sell In This Market