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Hi,

My husband and I are not first-time buyers, but it sure feels like it since we haven’t bought anything in over 5 years. We sold our apartment a couple of years ago and have been renting since. We originally planned to buy this past fall, but then decided to wait a bit longer.

So, this weekend was our first open house weekend in a year, and we aren’t really sure how to read this market. It seems like a disconnect from what I expected — asking prices aren’t that far down, open houses for some of the apartments had a decent turnout, and when I contacted some brokers about listings, offers are already in.

So, my question is, for those with more experience, how different is today’s market (in Park Slope, specifically) from a year ago? How quickly to make an offer and how far below ask can you go? Is there a legitimate urgency to making an offer on a decent apartment or are these brokers just, well, being brokers?

Thanks in advance for any advice!