The median price of homes sold in the U.S. in the first three months of this year was 4.6% lower than in the first quarter of 2010, according to NAR, the National Association of Realtors' quarterly survey.
Prices have declined in 118 of the 152 metropolitan areas (78 percent of them) included in NAR report.
The Northeast experienced a decline of 5%, with a median price of $234,100.
Considering the above, things don't bode well for the five boroughs (Brooklyn, the Bronx, Queens, Manhattan, S. I) in NYC.
In this environment, it would be much harder to sell a house.
However, there is always a way. If you are having a hard time selling your house or if you need to sell it fast, please visit our website.
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