The New York City real estate market continued to strengthen in January 2025. The past 2.5 years have been particularly challenging for sellers. While our team listed numerous properties, market conditions didn’t support the prices sellers were hoping for, leading many to rent their properties instead.
Read MoreThe New York City real estate market closed out 2024 on a high note, particularly in the luxury and new construction sectors, where demand is rising and supply is shrinking.
Read MoreCompared to last May, before rates started to rise (does anyone still remember those days?!) prices were now down about 11%. Transaction volumes were down 40%. Inventory was up almost 60%.
Read MoreWith the Hudson Yards development being the
largest planned development in the US in recent times, the project enjoys a warm reception
amongst buyers, especially international investors.
What will the market look like in 2018? The economy is strong as ever, which strengthens the buyer base who is buying to live in NYC. The negative effects of the tax bill, along with higher interest rates, will likely deter some of the buyers on the margin. Who will win this tug of war?
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