New York December 2017- market trends indicate a slight decrease of $32,116 (-2%) in median home sales over the previous year. Similar to other real estate markets during the holiday season, The average price per square foot for this same period fell to approximately $1,526, which is down from $1,529. This is an exceptional time for buyers and renters to take advantage of potentially less buyers in the marketplace. Sellers are equally motivated to close by end of the year.
Currently, there are fantastic options for New Yorkers who are hoping to find their dream home. However, we are still experiencing multiple offers. The key is to be patient for the right one and be prepared to buy.