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Despite reading in the Times that prices are down it seems to me that the decline in sale price hasn’t really effected the Clinton Hill / Ft Greene market as drastically. I recently put a bid on a condo that went into competition and sold for 25k over asking price. At a second place, the sellers are holding out for a price that is 50k over what they paid for their home in 2008. Aside from brand new luxury Condos which, I am uninterested in, there seems to be a lack of inventory and asking prices are not, “bottom of the market”. In the 400k to 550k range, you’d think there would be more opportunity for 2 bedrooms. I was hoping to get a steal in a buyer’s market but find myself competing over scraps at prices above my means.

So, what kind of market are we in?