Best up-and-coming neighborhoods in New York?

The New York metro area is seeing higher listing prices and more homes for sale right now. The typical home is listed for $792,000, which is slightly up from last year. More homes are also hitting the market. About 38,910 homes are actively listed for sale. This is almost 5% more than a year ago. It also means buyers have more choices than they did in the past. Sellers might also see more competition. New listings have jumped by a significant 28.2% over the last year, with 22,704 homes recently added to the market. This surge in new homes available gives buyers even more options to consider, but it also means sellers need to price competitively. While the market has more listings, homes are still selling fairly quickly. They spend about 47 days on the market before going under contract. This is a little faster than last year. If you're looking to buy in the New York metro, the increased number of homes for sale could be good news. However, prices are still strong, so be prepared for a competitive environment.