Red-Hot NYC Housing Market Expected To Get Even Hotter Following Listing Surge

 Red-Hot NYC Housing Market Expected To Get Even Hotter Following Listing Surge

The New York City real estate market is seeing a post-Labor Day surge after a somewhat busy summer, which may lead to one of the busiest fall seasons in years. 

Roughly 30% more listings hit the market the week of Labor Day, 723 compared with an average of 553 from the same time from 2016 to 2020, and 599 during the same period last year, according to a report by real estate data firm UrbanDigs

The $5 million-plus luxury sector saw the most action, with nearly twice the number of listings compared to the five-year average — 98 versus the 2016-2020 average of 56.

The sub-$5 million market…

Read full article…www.forbes.com