New York Housing Bucking Trends

Have properties meeting your criteria emailed on a daily basis.

(212) 570-6095

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All square footage and dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

Home About Us Contact Us Listings Just Sold

New York Housing Bucking Trends

Housing in New York City is on the upswing, bucking the trends in other parts of the country.

The city’s median prices are up 14 percent in the third quarter compared to the second and 16 percent compared to the same quarter last year.

Sharon Baum, an associate with Corcoran, said sales are brisk. "This is August, when you would think nothing is doing, but when apartments are priced right at all price points they will sell in a week.”

The Vanderbilt Appraisal Co. said that at the current sales pace it would take 9.9 months to sell the current apartment inventory. The inventory for the same period last year was at 20 months.

Source: The Wall Street Journal, Josh Barbanel (08/25/2010)