NYC Sellers Offer Fewer Price Cuts Despite a Surplus of Homes for Sale

22Aug - by Editor - 0 - In STL.News

NEW YORK (STL.News) – Though the NYC sales market continued to slow in July, sellers offered fewer discounts than they did earlier in the summer, according to the July 2019 StreetEasy Market Reports(i).

In Manhattan, the number of price cuts offered by sellers declined four percentage points from two months earlier, when 15.6% of homes had a discount — the highest share in 2019 so far. Queens and Brooklyn saw a similar trend, with price cuts down 1.5 and 2.8 percentage points from the highs of earlier this summer.

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