Summer 2023 – Forecast for Q4

The New York City real estate market has always been a fascinating landscape to watch, and its trends have had far-reaching implications for both buyers and sellers.  Our real estate market has always been a force of its own.    With the business, culture and other opportunities the Big Apple offers, the city enjoys near-constant interest from buyers at home and abroad.   Still, the last few years have thrown some curveballs, and even being NYC, the market suffered – particularly during 2020 and 2021, when COVID precautions shut down much of the city.   Fortunately, NYC real estate has recovered since then, though with fluctuations. Prices skyrocketed and then moderated, supply dropped and then improved, interest rates shot up and consumer sentiment wavered, too.   What does it all mean for the future of New York City real estate?