Viewing entries tagged
nyc
Take a look at a residential property listing, and you’ll see a number titled Days on Market. It usually appears after the price, and it’s meant to show how long the property has been for sale and how long it took to get to a signed contract. But does it really?
Two key market dynamics are at play in the current marketplace: the anticipation of lower interest rates and a wave of summer price drops. The former is expected to stabilize the latter, and there are implications for both buyers and sellers.
