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New York Listings Just Hit a Four-Year High. Buyers Are Signing Fewer Contracts Anyway.

New York City new listings reached a four-year high as contracts fell. StreetEasy’s September report reveals different pressures across sales and rentals.

New York Listings Just Hit a Four-Year High. Buyers Are Signing Fewer Contracts Anyway.

Illustrative photograph by Rachel Martin / Unsplash. Not a photograph of a specific property or project discussed in this story. Photographer. New York sellers just showed up in force. The buyers didn't follow. New listings across New York City rose 7.6% from a year earlier to 4,951 in September, the most since March 2022, according to StreetEasy's September market report. Contracts moved the other way. Homes entering contract fell 5.4% to 1,528, StreetEasy said, as higher mortgage rates gave some…

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