New York City reaching new selling highs ahead of spring homebuying season (Accord: for sale)

[Aeran]

Ah-ha!

https://www.amny.com/news/new-york-c...buying-season/

https://streeteasy.com/blog/lower-ho...-sales-market/

A new report shows that New York City is getting a head start on the spring home shopping season.

According to StreetEasy.com, the number of homes going into contract in February in New York City reached near record highs in all of the boroughs analyzed. This year, home prices fell dramatically compared to what they were in 2020 before the pandemic.

“We’re now a year into the pandemic, and for many buyers, it’s been a year of window shopping and waiting for the right time to make a move on a home,” said StreetEasy Economist Nancy Wu. “With prices coming down, an abundance of homes for sale, the vaccine rollout picking up speed, and the real chance that mortgage rates are only going to increase, buyers have declared that now is the time to make an offer.”

[Llol45519]

Originally Posted by Aeran

This year, home prices fell dramatically compared to what they were in 2020 before the pandemic.

My experience is the exact opposite. Funny.

[Trisky]

Originally Posted by Aeran

According to StreetEasy.com, the number of homes going into contract in February in New York City reached near record highs in all of the boroughs analyzed. This year, home prices fell dramatically compared to what they were in 2020 before the pandemic.

That's been my experience in my neighborhood, at least. I have alerts for several co-ops and almost daily I get a notification from Zillow that the price has come down.

[BlakeJones]

People are buying houses like crazy within 100 miles of NYC in every direction, but they are leaving NYC itself in the process

[Mr.Retired]

Response: Opinion

I remember telling folks to wait it out a bit until after the election................................Now bite.