StreetEasy Forums · Rentals

Declining market

Started by hoodia

over 8 years ago

Posts: 154

Member since: Jun 2009

Discussion about

Downtown seems weak. Anyone see it in the longer term buildings? Related, Glenwood, etc

Response by 300_mercer

over 8 years ago

Posts: 10570

Member since: Feb 2007

Condos are oversupplied. What size and $ range is your interest?

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Response by nyc1234

over 8 years ago

Posts: 245

Member since: Feb 2009

Anyone else noticing the same thing?

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Response by KeithBurkhardt

over 8 years ago

Posts: 2986

Member since: Aug 2008

Weak is not what I would call the current market. I would say things are re-balancing; crap needs to be priced accordingly, mediocre properties are taking more time to sell with traditional negotiations and the'A' list homes that hit on all cylinders are moving quickly in many cases still attracting multiple bids.

That said we were absolutely slammed prior to Memorial day. Things really cooled post MD, lets see where this goes.

Keith Burkhardt
www.theburkhardtgroup.com

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