New Yorkers’ confidence in the housing market continues to improve, a survey from the Siena Research Institute today found.
“New Yorkers’ attitudes towards the real estate market, property values and prospects for sellers improved again this quarter and are now trending towards the conditions in which everyone involved in a transaction can feel like a winner,” Don Levy, the institute’s director, said in a statement. “The gap between how consumers view buying and selling closed by nearly six points this quarter indicating that while it remains a great time to buy, the advantage buyers have recently held over sellers is lessening.”
The Real Estate Sentiment score among New Yorkers in the third quarter of the year was -6.8, up 5.3 points from last quarter. A break even point is a score of 0.
The more optimistic areas were New York City and its suburbs. In the suburbs the numbers were up 15.9 points from the previous quarter. Upstate, the numbers lagged: -9.5 points, up 3 points from the previous quarter.
Statewide, the future Real Estate Sentiment score was 26.7, up from 23.3 last quarter. The survey was conducted July through September to 2,407 residents.