06/09/2026
More buyers are out looking.
That doesn't mean they're chasing.
We recently sold a property that had struggled to sell for years. We priced it slightly below market value, expecting strong competition. Instead, we saw steady interest, a few accepted offers that fell apart during contract negotiations, and ultimately a sale slightly below asking.
That transaction perfectly captured today's NYC market.
After a prolonged downturn, more buyers are beginning to believe this may be a good time to buy. High rents and the return to office are pushing many people back toward homeownership.
But buyers remain fragile. Any sign of economic or political uncertainty and they quickly retreat.
In this month's market update, I discuss why prices remain flat, why luxury properties are outperforming, and what we're seeing across condos, co-ops, and new development.
Link in bio for the full newsletter.
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