NYC buyers’ brokers struggle in seller’s market

As inventory plummets, getting appointments toughens

From left: Donna Olshan and Michael Graves
From left: Donna Olshan and Michael Graves

From the August issue: In a city where only sellers’ brokers have exclusive contracts, representing a buyer is a tough job. And now it’s tougher than ever, thanks to the ongoing inventory shortage afflicting the New York City residential market.

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With few new properties on the market, buyers’ brokers are having difficulty finding apartments to show their clients, since many apartments get snapped up even before they are listed online. [more]