NYC House Hunters Want to Spend $600K or Less on an Apartment, Data Shows
More than 50 percent of online searches in 2016 were for homes under $1 million, according to real estate listings giant Streeteasy which compiled data for DNAinfo New York.
Stephen Kliegerman, president of Halstead Property Development Marketing, pointed to swanky new buildings his firm is working on in Brooklyn, like Greenpoint’s 50 Greenpoint, that have units for under $1 million.
“There’s been inventory built to be under $1 million, which you didn’t have two years ago,” he said. “We’re definitely seeing a high amount of activity at those price points.”