Listings drought hitting residential agents hard
This year has not been easy for many New York brokers. “I’ve been calling acquaintances and clients, sending postcards to addresses in streets with big apartment buildings, asking them if they know anyone who might want to list with me. But there isn’t much to sell out there,” said one Brooklyn broker. “It really makes you feel bad when you’re essentially begging for listings. It’s not much fun anymore” Rising prices and record sales of luxury condos might have a hold on the headlines, but most brokers are experiencing a very different side of the current market. Residential sales inventories in Manhattan fell to their lowest level in 13 years in the third Quarter, according to Douglas Elliman, leaving brokers in a scramble for the few available listings.
