If this isn’t reason enough, the Brown Harris Stevens July Inventory Report shows a 7.0-month supply of apartments for sale, down from 8.4 months in June. Of course, these are averages, so numbers will vary depending on the neighborhood. For example, the report indicates the West Side was the tightest market with a 5.5-month supply and Downtown Manhattan (below 14th Street) came in close behind, reporting a 5.8-month supply. Midtown East, on the other hand, reported the highest figure with a 10.5-month supply and Midtown West came in not too far behind at 9.4 months.  

Clearly sellers may have slightly more leverage in those neighborhoods where inventory is lower. In fact, some sellers are going so far as keeping fixtures, appliances and other unusual items that would normally be included with the sale of the house. This should give you some sense for the summer market and how sellers are working it to their advantage.  

If you've been seriously considering listing your home, you should take into account the information I’ve been sharing with you over these past several weeks. Regardless of what neighborhoo d you may live in, you still have more control now than you may have a few months from now. Timing is key, as we all know. I’m happy to talk through all your options with you, if anything, to give you peace of mind.