There Aren't Enough Homes for Sale in NYC

Tuesday morning at our jam-packed Compass HQ sales meeting, one of the managers, Alex, asked who was working with buyers and having trouble finding enough active listings to show them. Over half the agents in the room raised their hands.

Then Alex asked in what neighborhoods specifically. The responses: Greenwich Village, Brooklyn Heights, Chelsea, The Upper West Side, Williamsburg, and more. In other words, everywhere.

Finally, Alex shared some stats. Of the new listings that came on the market during the past 30 days, 8.2% have gone into contract. That's the highest percentage since I can't remember how long.

So what is this "boots on the ground" intel telling us? What I've been saying for a few months. List a home on the market now, price it realistically as opposed to aspirationally, and the buyers will come.

You'll be ahead of the competitive properties that will enter the market this spring. That could mean you achieve a higher price and a faster sale. If you're thinking about it, please get in touch and let's explore your options.