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Title: Sid Gandotra on the NYC Real Estate Market - Shows Resilience and Opportunity in 2025

New York, United States, 17th Jul 2025 – Sid Gandotra, a licensed real estate agent at CITY SPHERE Property Group in New York City, shares a comprehensive outlook on the city’s real estate landscape, highlighting resilient growth and emerging opportunities despite ongoing economic and social uncertainties. As one of the world’s most dynamic real estate markets, New York City continues to demonstrate remarkable resilience. Sid emphasizes that while challenges such as fluctuating interest rates, inflationary pressures, and global economic shifts persist, the city’s real estate sector remains a beacon of opportunity for investors, developers, and residents alike.NYC Real Estate Market OutlookStable Price Growth Amid Constrained Supply - Manhattan’s median home sale price rose to $1.235 million, a modest 0.8% year-over-year increase, while citywide prices climbed to $853,000, up 8.6% from 2024. High-demand neighborhoods such as Williamsburg, Park Slope, and the Upper West Side are driving price appreciation, fueled by strong buyer interest. The luxury market (properties above $5 million) is rebounding. Persistent Seller’s Market with Expanding Inventory - New York City remains a seller’s market, equating to a tight three-month supply. Well-priced properties continue to spark bidding wars, though a 16.8% rise in new listings provides buyers with more choices. Structural challenges, such as restrictive zoning laws and high property taxes, keep supply constrained, with a projected housing shortage of 1.26 million units by 2040.Co-op Market Gains Momentum - Co-ops, priced 26% lower than condos, are increasingly popular among first-time and middle-income buyers seeking affordability. Despite hurdles like strict board approvals and elevated maintenance fees, co-ops...

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