Manhattan Listings That Have Lingered nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
New York real estate professionals zoned in on the region’s luxury housing market to analyze the wave of multimillion-dollar sales, and weigh in on pricing, buying trends and prized locations at a virtual panel May 13 hosted by the Hudson Gateway Association of REALTORS®, Inc. (HGAR) and OneKey™ MLS. “Getting the Deal Done: Homing in on New York’s […]
Donna Olshan, the report’s author, noted that listing discounts and days on the market have shrunk over the past month to 7.75 percent and 452 days, respectively. Year-to-date, those numbers are 11 percent and 614 days.
The average annual listing discount hasn’t been under 8 percent since the hot year of 2016 when it was 6 percent and it took an average of just 318 days to sell a luxury Manhattan home.
Olshan attributed the improvement to a combination of strong demand and agents and sellers pricing where the market is.
Luxury condos on the market are bigger than usual. Between 2013 and 2020, the average condo asking $4 million or more was 2,806 square feet. That figure is up 7 percent in 2021 to 3,011 square feet.
Inside New York City Co-op Discrimination therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.