If you're a condo owner in New York City, you're probably keeping a close eye on the market. With whispers of interest rates shifting again and buyer demand showing signs of leveling off, timing your sale has never been more critical. Here are the top five reasons why selling your condo now—before the market cools—could yield the best returns:
1. Demand Is Still High for Quality Units
Despite uncertainty in broader economic sectors, well-maintained and conveniently located condos are still attracting serious buyers. Many are eager to lock in purchases before rates increase again.
2. Low Inventory Means Less Competition
Inventory across NYC is still relatively tight, especially for move-in-ready units. This means your condo could stand out and attract premium offers—particularly if it's priced right.
3. Price Appreciation Has Peaked
Many analysts believe we’ve hit the top of the price curve. Waiting too long may mean selling into a downward cycle where your condo’s value could drop.
4. Capital Gains Exemptions Still Apply
For owner-occupants, the IRS capital gains tax exemption of up to $250,000 (or $500,000 for married couples) could mean a major financial win—especially if you act before market conditions worsen.
5. Buyers Are More Motivated in Q3 and Q4
Summer travelers are returning, and buyers looking to close before year-end for tax and relocation reasons are stepping back into the market with urgency.
📞 Thinking about listing your NYC condo? As a local expert in Downtown Manhattan and beyond, I’d be happy to walk you through a custom valuation and marketing plan.
