New-York: 2018  is the poorest for estate sellers since 200! Why the - estate market cooled down so during 2018 in the Big ?

2018 is good for the American , is the repeating by the every day. The resonance becomes echo that everybody repeats when talking about everything.

for estate sellers people living in -. 2018 is the worst for the business since the last recession. 2018 is not warmly for sellers in the metropolitan area. the 5 boroughs and area.

Indeed CNBC reported in October that the New- real estate market had cooled down so drastic. That the data comparable to the levels seen since 200 after the last economic recession. Frankly, situation is unprecedented.

cooldown is somehow atypical. Because we observe is homes prices continue to go up for sale. At the , stay up for sale much longer than 6 to . absolutely unusual for New York real estate market in period of time.

According to data from Yanex , LLC. The data matrix shows New-York real estate market homes priced. At $1 million or more stay on the market for about 120 days. Those priced between $8 million and $12 million, on the market. Indeed, stay on the market even longer, often as many as 200 days before being bought.

Sells hard to nowadays resultant tough situation. That force, sellers to cut down the price to find potential offers. Otherwise the properties with sitting on the market, for undetermined time.

Nevertheless, this big hit of this slowdown market affects Manhattan more than everywhere in New-York. The developers in the west midtown Manhattan. Real estate sales in this area are down -digits. The cycle is continuing to decline further down for four consecutive quarters.

Outside of Manhattan inside the other 4 boroughs real estate sales “fell by 11 percent from the third quarter of 2017 to the third quarter of 2018.” According to CNBC Financial . Resales of existing apartments declined during that unprecedented period as well. The last time we saw similar. That was actually in 2011, during the recession crisis recovery process.

Many factors are in the basket that the New York real estate market is cold now. further about the New York real estate market slow down will be subject of week.

For the time being, if you are looking for personal good time for you to buy. If you are I do not know to tell you. Depend on your situation you should pay to market , do not impromptu by alarming .

At the interrogate your numbers, to do not hold indeterminately because anything happen the price drop down more. The is not so strong as may think, the is too high. Some correction must be done to stop the inflation if not we prepare for recession soon.