Forum Archive

We’ve been seriously looking for a Brooklyn home for the past 4 months or so. As the months progressed and the general housing market worsened, the supply of real estate began to REALLY dry up. That didn’t surprise me terribly b/c the profit-takers wouldn’t necessarily choose to put their house up in such an environment.

Plus, I heard over and over that everyone waits till the new year to put their homes on the market (b/c of Wall Street cycles). So we were waiting for 2008 for some new listings to hit the market.

As of today, which is admittedly very early in the “near year”, there is still the same old dearth of supply.

I’d love to get thoughts (even from agents!) on whether this trend (no supply!!) is likely to continue or whether we’re likely to see most listings hit the market soon.