This month, we discuss current pricing in the market.
It seems that Winter has sellers and buyers in somewhat of a holding pattern, and I want to shake things up a bit!
Further, sellers are still pricing their newly listed properties at prices that buyers aren’t happy with.
That is, prices are higher than buyers expected at this point.
But in speaking to them, sellers are, more now, open to selling at lower prices than you think. I’ll tell you why.
Sellers still are holding onto the idea that they may have a property that will outperform the market.
A lack of inventory may help their cause.
I understand this notion.
However, inventory, even in areas like the Upper West Side, is up across all of Manhattan.
The numbers do not lie.
What I mean is this- If this spring we finally see an abundance of property to market, sellers realize they will have even more competition for lethargic buyers.
Indeed, they are real sellers.
Try not to focus on the asking price- you may be surprised at how the sellers react.
Let me and my team help you find that new dream apartment.
The market remains full of opportunities.