We were quoted in a Bloomberg story about the current demand/supply dynamic in NYC suburbs! Here is the quote below, as well as the preceding paragraph for context, and a link to the full article below as well.
“Many sellers may be waiting until March to put homes on the market but the for-sale signs aren’t coming out yet. New listings in January so far have dropped 5% in the US, according to Realtor.com. The New York area has seen even deeper slides, with new inventory down more than 40% in Manhattan and Brooklyn, the most in the country, and more than 20% in Westchester and Bergen counties.
“We are begging people to sell right now,” said Arlene Gonnella, an agent at Weichert Realtors in Short Hills, one of New Jersey’s most expensive areas. “We are trying to tempt them with buyers who are ready, willing and able to pay up.””
