Based strictly on the seriously skewed evidence of what I have been seeing at open houses over the last few weeks on the Upper West Side, Upper East Side and downtown, I’m going to go out on a limb farther down in this post.
Open houses have been busy, and some of the properties already have offers on them, sometimes more than one.
At the same time, asking prices are no longer going down. In fact, many are going up, often on properties listed long ago. My impression is that the prices of larger apartments are climbing faster than others, though most seem to be leaving room for negotiation.
For example, (more…)