NYC Real Estate February Market Update

The battle of the forces continued to play out in the NYC real estate market in February.  The good economy kept up the fight with the evil army of rising rates + tax laws, with no clear sign of a winner.  Median sales prices stayed at 1.18mm, the same level since last November.  Activity level also remained healthy: 509 deals closed and 821 deals in contract for the month, showing no noticeable decline from last year.  The Median Days on Market again clocked in at 98 days, same as January but longer than last year.  January total inventory of 6.6 months hasn’t changed since last fall.  For me, January and the beginning of February were slow but my pace picked up towards the end of the month.  Where is the market headed?  The suspense continues!