New-York:   is the poorest year real property sellers since 200! Why the - real market cooled down so during the Big Apple?

is a good year the economy, is the keyword repeating by the day. The resonance becomes that everybody repeats there are talking everything.

However real sellers people -. 2018 is the worst year the business since the last recession. 2018 is not warmly property sellers the metropolitan area. Including the 5 boroughs and surrounding area.

Indeed CNBC reported in October that the New-York real estate market had cooled down so drastic. That the data are 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 , their stay up for sale much longer than 6 to . absolutely unusual for New York real estate market in period time.

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

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

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

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

are in the that makes the New York real estate market is cold now. further analysis makes the New York real estate market slow down will be of article next week.

For the time being, if you are for a personal it a good time for you to buy. If you are a seller I do not know to tell you. Depend on situation you should a close attention to market reaction, do not impromptu by alarming yourself.

At the interrogate numbers, to do not indeterminately because anything can happen the can drop down . The economy is not so strong as people may think, the is too high. correction must be done to the inflation if not we can prepare for recession soon.