The good economy kept up the fight with the evil army of rising rates + tax laws, with no clear sign of a winner.
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While the stock markets around the world roared to their best January returns since the early 2000’s, the NYC real estate market was subdued in comparison.
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With 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.
After a soft October, the NYC real estate market did not show further weakening this month, both in terms of prices and marketing time.
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How should I buy or sell in this soft Market?
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Staying true to the seasonality of the month, the NYC real estate market experienced a downshift in both prices and level of activities.
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The pace of the New York real estate market picked up in June, with just under 1000 contracts signed and over 800 deals closed in the month, demonstrating much more movement than April and May.
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After a very strong first quarter, the NYC real estate market settled down into a slower pace.
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