Is it a Buyer's or a Seller's Market in NYC Today?

Opinions will differ. I was part of a panel of real estate agents last week, many of whom were reluctant to peg it in either direction.

The truth? Most of the evidence that doesn't give a clear answer. 

But what if there were a statistic that cuts through all the rest of the noise. What if it is more forward-looking? Wouldn't that help inform you? Wouldn't that change the game? 

Well, here it is.

The One Statistic that Changes Everything

The one statistic that points to the strengthening of the housing market is here, and it's something that everyone should pay attention to. But I'll get there.

I hosted a webinar with a number of experts. The top RE transactional firm (Michael Romer of Romer Debbas), the top lender at Wells Fargo (Stephen Lascher), and the top data consultant to the real estate industry (Noah Rosenblatt).

Noah had amazing stats, but he's driven by market data. Mike Romer has good comfort that he's as busy as he's ever been.

Stephen? Hit it on the head. 

The statistic: The percentage of all-cash deals. For the first time in three years, it's going DOWN.

Q1 of 2025 the all-cash deal percentage was around 65%, going up to 90% for deals over $3 million. 

What's that overall percentage now? Around 45% of all deals. That's a drop of over 30%! That's a major change. 

What does this tell you? 

You'll need to watch the video to find out:

To learn more about the specific market you're considering buying in or selling from, be in touch. We can drill down and get to the information most relevant to you! - Scott Harris & Magnetic