Market ... New York City and Area Home Sale Activity
Data is for the third quarter of 2009
Reporting resale single family residences and condos as well as new homes
* % Change is from the same period last year
New York Real Estate Overview
Manhattan Market Overview 3Q 2009 [PDF] Archives..
A quarterly survey of Manhattan co-op and condo sales.
Manhattan Rental Market Overview 3Q 2009 [PDF] Archives
A quarterly survey of Manhattan residential rentals
Sales can increase but that does not mean the Price decline has stopped rather that the current continuing Price decline has put more homes into what buyers consider an affordable range.....
What does the unemployment look like, the amount of loan defaults, inventory ect. are things among others to consider....
An Agent does not make a living unless people are Buying so for many the "Good time to buy" is more inspired by wanting to make a living than the actual Market..(Not saying that's true of anyone in this thread)
It is the Buyer who has a large Financial obligation and possible Financial loss at stake and that is exactly the reason it is the Buyers responsibility to become as informed as possible from as many sources as possible to protect themselves and make wise decisions..
There is a ton of information available to the Public..Reports, Trends, Sales info ect. on the internet....
It's your money so make it your business that any information you intend to consider from any source is checked, compared and verified by YOU.......
November Price Reductions - Top 50 U.S. Cities
Rank City State Reductions (%)
32 New York NY 27% 12%
Best of luck and good hunting