Should I move to New York?

Moving to New York means homes are still quite expensive, with the typical home listing for $775,000. Prices have dipped a bit compared to last year, which could be a small break for your budget. More homes are on the market now than a year ago, with active listings up 4.2%. This means you'll have more options to choose from as a buyer. Sellers are also putting more new homes on the market, up 5.3% from last year. This extra inventory gives you even more choices and might ease some of the competitive pressure. Homes are selling a bit faster, staying on the market for 42 days, which is 6.7% less time than last year. This suggests that while there are more homes, buyers are still acting fairly quickly to snatch them up. Currently, about 9.3% of homes have had a price reduction, which is a slight increase from last year. This could mean some sellers are more willing to negotiate on price. Overall, while prices are high, the increase in available homes and the slight drop in prices compared to last year could offer a bit more breathing room as you look for a place in New York. You'll still need to be ready to act once you find a home you like, since they don't stay on the market for too long.