Since Thanksgiving, the phone has been ringing off the hook, and the same goes for agents with packed open houses in Brooklyn, surprising many expecting a quiet December.
Despite the sluggish market over the past few years, brokers are seeing a surge in interest that raises hopes for 2025, particularly as sellers begin to adjust their mindsets.
High interest rates and inflation have led to low inventory, causing sellers to hesitate, but the market may see more movement as attitudes shift among buyers.
While national home sales are projected to be at the lowest since 1995, New York's high-end market remains resilient, driven by all-cash buyers continuing to make deals.
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