Home & Garden
UWS Home Prices On The Rebound Post-Pandemic: Report
The New York City home sales market is on the rebound, with both inventory and sales prices increasing.
UPPER WEST SIDE, NY – New York City's home sales market is on the rebound, with both inventory and sales prices increasing, according to a new report.
The market jump is due to a surge in demand for the second quarter and near record low mortgage rates, the StreetEasy report states. In addition, the city is one of the few places in the country that are still experiencing a surplus of for-sale inventory.
Here's what the housing market looks like on the Upper West Side:
Find out what's happening in Upper West Sidefor free with the latest updates from Patch.
The average asking price for homes on the Upper West Side was $1.570M, up more than four percent compared to the previous quarter.
The average rent on the Upper West Side was $2,900, down more than 9 percent.
Find out what's happening in Upper West Sidefor free with the latest updates from Patch.
The average recorded sales price for homes on the Upper West Side was $1.122M, down more than 25 percent.
Total sales inventory on the Upper West Side was 1,505 in June of this year, compared to 1,109 in June 2020, according to StreetEasy.
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