Here’s where real estate prices are falling to NYC this year: Reports

Mimi is right – in a Big Apple Borough.

Manhattan house prices have undermined while the average costs in external municipalities are increasing, new data show.

Manhattan’s average demanding a price of $ 1.55 million this January sank 6.3% from the same period last year, according to Streeasy.

“The prices have fallen into Manhattan, so it’s good time to get a good deal – if you can stomach the interest rate,” Emily Ackerman, a COMPASS real estate agent, told The Post.

The other four municipalities saw prices rise.

The $ 1.1 million Brooklyn’s $ 1.1 million rose by 4.8% in January, compared to the same month last year.

In Queens, the average price of $ 700,000 required was a high action 12% higher than one year.

Staten Island without an increase of 11.9%, when comparing the average price of $ 727,000 in February with the same month in 2024.

The average Bronx home priority reached $ 340,000 this year, with 6% from a year earlier.

“I think there is a bigger view in the game here, when it comes to Manhattan looking for falling prices – and this really comes down to other municipalities,” said Corcoran Kelly real estate agent.

“When you are talking about raising media prices for property in Brooklyn and Queens and State Island, this is because people are now values ​​that look …

“Even buyers overseas have asked more for Brooklyn and Queens because they are the main destinations now. Looking for more than ever,” she said.

In general, the inventory of assets in five municipalities fell 3.5% year by year, to 14,840 units for sale across the country since January, according to Streeasy, which noted the competition of buyers set up especially in Brooklyn.

“For now, when a two-bedroom bedroom on the slope of the park goes to the market, if the fight-automatic fight is correctly prized,” Kelly said with a premature of her fingers.

“When you lack inventory and a question for inventory, it raises prices. So this is what we are seeing with those growing municipalities,” she said.

And people are saturated with a great absurd monthly rental, Kelly noted.

In February, the average rental price in Manhattan was $ 5,368 a month – nearly four times the national average, according to rents.

“Really really, really difficult for people to rent in the city now, and if they have the means to buy, they are coming to the conclusion that it is probably in their best interest in doing so,” Kelly said.