There is no best time to sell. It all depends upon your individual circumstances and why you want/need to sell. For example, are you getting a bigger place in NYC? If that's the case, the fact that prices are lower now than in recent years is a good thing, because trading up in the same market means you get the same percentage discount on the next place which, if it is bigger, means more dollars saved. That's one scenario. All indications are that prices have leveled. We should not see much more of a drop here. The question being debated is how long will they remain at this level before creeping up again.
Tell me your individual scenario and I can answer more fully.

Jenet Levy
Halstead Property, LLC
jlevy@halstead.com
(212) 744-7158

Based on the expert opinions I've heard recently, and the data I've seen, I personally expect apartment prices in NYC to continue to decline at least for the next 1-2 years. If you need to sell for some life change reason, I do not believe waiting and hoping for a higher price later is a good strategy.

Karla Harby
Vice President,
Licensed Real Estate Salesperson
CharlesRutenberg Realty
127 East 56th Street, 4th Floor
New York, NY 10022
(212) 688-1000 ext. 383
(917) 365-0876 cell and text messages
(212) 688-1919 fax
kharby@rutenbergrealtyny.com
http://www.rutenbergrealtyny.com/agent_details.aspx?agentid=51888

The best time to sell real estate in New York (was) 2005

You mean when is the best time to sell real estate?

When the market is going up Gloria....

Or if that answer doesn't work.

Whenever you feel it's appropriate or needed and you have valid reasons for selling. Job Loss, Relocation, Upgrading, Downgradint, etc...