Are You Pricing Your Manhattan Home Based On The Strong National Housing Market Numbers? Don’t make this mistake!
In this market it seems like sellers are relying on the strong national housing news while buyers are relying on the local news that tells the story of a weaker market.
Here is what you need to know! Local real estate news is all that matters! National report results don’t apply to your local market. If the national numbers seem to be similar at times, then it is more of a coincidence.
In addition, you can’t just look at how the Manhattan market is performing in general. You need to look at the all the micro markets in real estate that such as neighborhood, type of building (condo, co-op or townhouse). Building history is very important! One building can be next door to each other and can be priced very differently.
To get a very good general overview of the Manhattan market read the quarterly market reports from some of the large brokerage houses.
The best way to find out the market value of your home is to reach out to a very experienced broker who will give you a free detailed pricing evaluation. This will report will be based on hyper local comparables for your home.