October 2017

There are 1 blog entries for October 2017.

As with plenty of other highly coveted products, real estate is a never-ending game of supply and demand. Over the past couple of years, the New York marketplace has experienced what is known as a Sellers’ Market, which is generally defined by a high demand for real estate with very limited inventory. Coupled with decreasing interest rates and an influx of overseas buyers, this type of scenario causes real estate prices to skyrocket.

 “A couple of months ago, Staten Island only had about 600 properties on the market,” said Michael Dukhovny, CEO of United National Realty. “My agents could not list homes quickly enough. We experienced plenty of multiple-offer situations on properties, and frequently closed homes at above asking price.”


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