"Active listings in New York City fell to 5,749 in March, down 6.3% from a year ago, while nationally, inventory grew 6.2% over the same period."
"The median list price dropped to $1,450,000 in March, down 4.9% year over year, but only 7.9% of listings carried a price reduction."
"Homes took 60 days to sell in March, unchanged from a year ago, and just three days slower than the national median of 57."
New York City's housing market is characterized by a decline in active listings, which fell 6.3% year over year to 5,749 in March. The median list price decreased by 4.9% to $1,450,000, but sellers are not significantly reducing prices. Homes are selling in about 60 days, maintaining a steady pace compared to the national average. The market reflects a tighter inventory situation, with buyer demand remaining consistent despite the slight price dip.
Read at SFGATE
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