|RANK||METRO AREA||% LISTINGS WITH PRICE CUT||MEDIAN DAYS ON MARKET||SALE-TO-LIST-PRICE RATIO (%)||MEDIAN HOME VALUE|
|1||New York, NY||14.6%||132||95.7%||$438,300|
|2||Miami-Fort Lauderdale, FL||16.7%||99||93.9%||$283,800|
Still a sellers market. Buyers market DOM more than 150. There is a shortage of housing nationwide. We haven’t built enough housing since 2005. 14 years off inadequate supply. When millienials really start buying there will be an extreme shortage.
The reality is nobody can afford to build at these median prices. Construction and land costs are unaffordable for the average buyer.
New York is weak due to AOC? 132 days to sell a house in NYC? Worse than Phoenix.
Wall Street is doing well. AOC is destroying NYC in Venezuela style
Don’t get fooled buy fake news. 132 days is still a sellers market. 5% below asking is a normal market.I know the Phoenix market. It is doing well
The news is only fake if you don’t know how to read… they aren’t saying it is a “buyers market”. They are saying that those are the best markets for buying. Not the same thing.
Is fake because one city is not there
Hardly any difference from the best for sellers or best for buyers. Still a sellers market nationwide. There is a deficit of a million homes a year built over the last 14 years. That is the real news. This shit is indeed fake news
More fake news. Guess number 1