It is not just real estate pros that say the market is gaining much needed momentum, it seems New Yorkers are agreeing that the housing market is back—and they are feeling very good about selling and buying.
The Siena College Research Institute said that for the first time in the nearly four years it has tracked customer opinion on the real estate market the perspective is “positive” in terms of current and future, overall buying and selling.
“Far more New Yorkers say the market has improved over the last year than the shrinking few that still see decline and when looking forward, a majority of both New York City and Suburban residents and a large plurality of Upstaters predict improving conditions in the year ahead. The once stacked deck enjoyed by the few buyers over then worried sellers has changed into an active marketplace in which the public see both buyers and sellers smiling at the closing table.” , said Don Levy, SRI’s director in a recent press release.
At the end of this quarter the New York State Association of Realtors crunched its numbers boasting that this second quarter shoed “robust buyer activity across New York State” and a 12 percent growth in median sales.
Continued the Siena College Research Institute:“New Yorkers cite the downstate suburbs including Long Island and Westchester as most improved this quarter followed closely by Upstate. Most noteworthy is the decline in ‘great time to buy’ that remains strong while simultaneously we see increasing prospects for sellers in every region of the state. New York City numbers for the first time are squarely in the ‘thriving zone’, a sustainable state of increasing values and profitable buying and selling while both the Suburbs and Upstate are positive, encouraging and headed in that direction.”