It’s always a great time to buy in New York City, but recent data shows the market is favoring buyers most strongly in Manhattan and Queens. Average and median listing prices have decreased since this time last year in both boroughs. Brooklyn is showing more favor to sellers with average and median listing prices on the rise year over year. The good news for buyers in the market -and important for all sellers to know- is that all boroughs have seen negotiability rates increase, with sellers more willing to accept offers under asking price than they were at this time last year. If you are in the market to buy a new home, now is a great time to make an offer in New York City! Have a look below for market data that compares the last month in New York City with the same period in 2017.
Data courtesy of OLR Market Pulse and current as of 10/12/2018.