Top Mega Teams in New York, New York – Ranked by Sides

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Rank – City SidesTeam NameCompanyLocationSidesProfile
2Bethoney ShenNest Seekers International New York, NY 254.0View Profile
3Shaun Osher TeamCORE Group Real EstateNew York, NY 237.0View Profile
4The Masters Division at Nest Seekers InternationalNest Seekers InternationalNew York, NY 180.0View Profile
6Bizzarro Agency Bizzarro AgencyNew York, NY 133.0View Profile
49New York Living SolutionsKeller WilliamsNew York, NY 42.0View Profile

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2023 New York City Housing Market Summary

New York, New York started 2023 with a total of 19 single-family homes on the market, with a median home price of $11,995,000 and an average price per square foot of $2,075. By the end of the year, inventory had increased to 66 homes on the market (+247%), with a median home price of $7,725,000 (-35%) and an average price per square foot of $1,726 (-16%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 140 days.

New York City started the year with 15% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 22% of New York homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that New York City started 2023 as a strong seller’s market, with an MAI score of 46; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

Housing Market News

Revolutionized financing: How Zillow empowers home shoppers with innovative tools 

Dec 03, 2024 7:00 amBy

Prospective homeowners enter the housing market with two questions: Where do I begin? How much home can I afford? Once the process starts, nearly half of home buyers report shedding tears at some point. Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. Fortunately, home buying doesn’t have to remain confusing for new buyers. 

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Agent News

Continued downward trend in agent mobility reflects ongoing challenges in real estate market 

Nov 29, 2024By

Key observations from October • Continued decline in agent movement:   The seasonally adjusted AMI metric for October dropped to 86.2, marking another decrease in agent mobility and continuing the downward trend observed in recent months.  • Factors influencing decline  The Presidential election and the implementation of the National Association of Realtors (NAR) settlement appear to have significantly impacted agents’ […]