Brick Underground

Far fewer New York City sellers cut prices in March compared to February, according to a new report by RealtyHop​​​​​​​. It’s not because they’re are holding out. A significant number of sellers pulled listings off the market in significant numbersafter New York State shutdown non-essential businesses in mid-March.

If you’re thinking of buying or selling an apartment in New York City, or you’re involved in the business of buying and selling, you are no doubt wondering how the coronavirus crisis will impact the price of real estate. Here are some answers to the four most common questions buyers and sellers are asking.

A new report from UrbanDigs, a Manhattan real estate analytics platform, looks at the impact of the coronavirus on new listings on the Manhattan market, new contracts signed, and listings taken off the market as of last week.

According to a report from roommate-matching site SpareRoom, there was a significant drop off in New Yorkers looking to move. Searches dropped by 30 percent on March 16th and 17th compared to March 9th and 10th.

New York City’s rental market followed a similar trajectory in February as previous months—with higher rents and declining concessions—but there were a few surprises.

New York Attorney General Letitia James asked for more time to respond to a lawsuit filed over the landlord broker fee ban by the real estate industry last month.