New York City is a sellers market RIGHT NOW!
How long have you been waiting to hear that? Well don’t wait much longer now that you’ve been warned. Yes, warned. It is no surprise that the New York City real estate market has seen its fair share of activity in recent years–there’s the widening gap between supply and demand, ensuing bidding wars, and gaining market share of new construction deals. The last seven quarters has seen an uptick in overall sales, in line with the general upward trend we have been seeing in the last four or five years. The most notable part of that trend? While sales are still growing, the rate at which it is doing so is not like it has been in recent quarters. That being said, if you are looking to get a piece of the pie with your own property the most optimal time to get the largest piece possible is now. Continue reading