The Real Deal New York

Brokers say buyers are less frantic as inventory ticks up

With market showing signs of normalizing, there are fewer bidding wars
By E.B. Solomont | September 22, 2014 10:30AM

From the September issue: Halstead Property’s Christopher Kromer and Nora Ariffin said they brokered more than 65 deals last year — all of them ending with a request for “best and final” offers from competing buyers.

This year, roughly half their sales are “best and finals,” said Kromer. “There is more available inventory, so buyers are having more choices, and sellers are having to be more competitive.” [more]