Did any of you watch the Grammys?
Were you as disappointed
as I was at the Madonna lookalike and soundalike Lady Gaga performance?
What really had me jumping up and down mad wasn’t
Usher trying to steal Justin Bieber’s spotlight, but that Lady Antebellum stole those Grammys from Cee-Lo Green.
My test of a hit song is how hard it is to get out of your head.
You” is probably the most catchy song to hit the airwaves since “Don’t Worry Be Happy.”
And while the latter might be torturous after a few hours, “*#$*# You” has been stuck in my head for weeks- without too much trouble.
Why am I writing about the Grammys and catchy songs?
Well, I feel like I am singing the same song about the Real Estate market.
Over and over.
Inventory is down (we’re still not seeing this massive uptick in new listings as we expected in January/February), but as sales prices continue to track at bottoms,
buyers are as educated
as ever, and volume seems to be picking up.
With mortgage rates creeping up, buyers are considering new rates into their negotiations.
I am seeing more activity at the high end of the market than the 1-2 bedrooms (trophy 2-3 bedroom apartments on the UWS and UWS), but I’ve also been involved in multiple bidding wars, including large 2-bedroom listings.
Pricing remains the top priority in selling
in this market.
Sellers should not consider shopping their apartment at an inflated price just to test the market- that’s
a strategy that will
fail and net a lower price.
I’m available to break the market down into its micromarkets if you want to discuss anything in particular.