NYC Home Buyers, Your Opportunity is Now

NYC homebuyers, your opportunity is now. We've gone from a sellers' market to a buyers' market over the last several months. If you've been waiting for that buyers' market to hit bottom, we're already there.

Here's how we can tell. The Market Pulse graph below shows the ratio between pending sales and active inventory. Higher numbers indicate market strength and seller leverage, and lower numbers the opposite. You can see that the downward trend stopped a few weeks ago, and the numbers have leveled off.

Savvy buyers are taking advantage of lower interest rates, the holiday slowdown, and other buyers' fear and indecision to make some deals. The good news for sellers is that buyers are out there. The key is to consider the current market and price accordingly.