Contract signings for homes plunge, yet inventory stays low – Robert Khodadadian

Across the New York region, contracts to buy homes have tapered off, but persistently depleted inventory has yet to rise. Take Long Island, where new signed contracts for single-family homes were down 28 percent in June from a year ago, according to a report by Miller Samuel for Douglas Elliman. New listings were down 22 percent. In the Hamptons, buyers signed 41 percent fewer contracts than in July 2021, while listings fell 15 percent. And

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, Contracts, Douglas Elliman, Housing Market, jonathan miller, miller samuel The Real Deal New York Read More