In the first half of 2024, New Jersey residents closed on 345 homes in NYC, a decrease from 487 in 2014, indicating a decline in out-of-state buyer activity.
International buyers saw a drastic decline, dropping from 178 sales in 2014 to just 41 in 2024, highlighting significant shifts in NYC's housing market dynamics.
Californian buyers have overtaken Floridians in NYC home purchases, with 244 homes bought in 2024 compared to 175 in 2014, showcasing changing buyer demographics.
While in-state buyers accounted for the majority of purchases in early 2024, the overall activity has decreased, highlighting a shift in market dynamics over the decade.
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