"The past fall was the most active since 2021, signaling a pivotal shift in the New York City real estate market after years of decline due to rising mortgage rates."
"Liquidity, measured by contracts signed, rose by 36% compared to last year, indicating that the return of buyers is a sustained trend, possibly for the upcoming spring of 2025."
"While a typical spring uptick in activity is expected, the number of new sellers will likely remain average, as many sellers prefer to wait for confirmed demand before listing."
"As spring 2025 approaches, if demand continues to outweigh supply, sellers could gain significant leverage, resulting in a competitive landscape for buyers."
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