, the"COVID discount" was over as brokers anticipated a busy market through the summer.
They were right. While the highly contagious Delta variant could have threatened the city's real-estate revival, by the end of August the market entered a cutthroat phase more intense than it was before the pandemic for both sales and rentals. In the second quarter of 2021, the median sales price of condos and co-ops had risen to its highest level in eight quarters — to $1.
. StreetEasy said it saw activity exceed pre-pandemic levels in July. Compared with July 2019, the platform saw 59% more visitors, 63% more rental-listing views, and 76% more inquiries on rental listings.separate Douglas Elliman and Miller Samuel reportBut it's not just the influx of urban dwellers re-staking their claim in the city after an economic lull. A competitive housing market marked by soaring prices has, leaving them no choice but to rent and add to the demand.
While this may not be good news for anyone looking to land their dream NYC pad, it is good news for the city's economy. Formerly the epicenter of the coronavirus during the spring, NYC was hit hard last year as its