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
After a very strong first quarter, the NYC real estate market settled down into a slower pace. Douglas Yearley, CEO of luxury builder Toll Brothers called this “the best spring selling season we have had in over 10 years” on their 2nd quarter earnings call, which ended on 4/30. For much of May, the feeling … More Buyers! New Condo Market is De-Luxing