Residential Brokers are Confident Amidst a Slow 4th Quarter


NEW YORK, January 26, 2012 – The Real Estate Board of New York (REBNY) has released the results of its Residential Brokers Survey for the fourth quarter 2011. 

  • New York City average home prices and sales citywide declined compared to the same time last year
  • 60 percent of the brokers surveyed are optimistic for 2012 and expect next quarter’s residential market to be slightly better or much better than this quarter
  • There was a seven percent increase in brokers reporting executing contracts of sale at the $3 million and above price range

Top 4 Building Features/Amenities:

  • Doorman building
  • Laundry in unit
  •  Private storage space
  • On-site fitness center

Most Popular Areas:

  • East Side with 27 percent of all closed sales,
  • Downtown with 22 percent of all closed sales
  • West Side with 19 percent of all closed sales
  • Brooklyn with 16 percent of all closed sales.

 Excerpted from REBNY Press Release January 26, 2012

Comments are closed.