New listings are soaring again in NYC, as buyers, sellers and renters are snapping up properties for a second straight week.
According to real estate search engine Zillow, sales rose for the second week in a row in midtown Manhattan, while sales in the South Bronx and the Lower East Side were flat.
The number of listings was up 3.5% for the week ending March 10, according to Zillows data, and for the month of March sales are up by 9.3%.
Meanwhile, the median price for a home in New York City is up 5.2% from the previous year, and the median selling price was up 8.5%.
The numbers are not great news for many in the market, but some investors and brokers are optimistic about the future of the market.
“I am more bullish than I was last year,” said Eric Osterberg, co-founder of New York brokerage and real estate website Zillower.
“Sales have gone up a bit, but the median sales price is up 11.7% in the last year.”
The median price in Manhattan is up by 17.9% since last year, according the real estate blog Trulia, and that price has more than doubled since last May, when the market tanked.
Sales are up in the Brooklyn neighborhood of Flatiron East, up 3%, and in the Williamsburg area of Brooklyn, up 4.5%, the site says.
On average, sales increased in Manhattan for the past three months, according ZillOW, which is up 3% from last year.
According to Zillerow, a 3% increase is the largest increase for a single-day period since July of 2013.
Zillow’s figures are based on a nationwide survey of the U.S. real estate market conducted in March and April.
More: The latest Zillowitz figures for March, April and May Source: Zillowers