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s we enter 2025, it's a good time to take stock of the New York City real estate market. Our esteemed Roundtable panel shares their predictions for the year ahead, offering valuable insights for buyers and sellers alike.

    Ashlie Roberson of The Whitman Roberson Team at The Agency is optimistic about 2025, citing a more balanced market with realistic sellers and buyers no longer holding out for unrealistic mortgage rates. "I think 2025 is going to be a great year for real estate," she says.

    Matthew Melinger of Brown Harris Stevens expects the pace of sales to continue in 2025, driven by a sense of certainty after the election. He notes that interest rates are still keeping some buyers on the sidelines, but many dormant buyers are returning to the market. "The inventory crunch we experienced in the last two years may finally be behind us," he says.

    Mallory Bogard of Bogard New York Team at Serhant is also extremely optimistic about 2025. She notes that pent-up demand from 2024's election year and high rates is starting to break loose, with buyers actively shopping for homes despite the cold weather and interest rates. "We're seeing more buyers very actively shopping than we saw in Q3 and Q4," she says.

    Abraham Sarway of Douglas Elliman believes 2025 has the potential to be the strongest year for real estate since 2021, driven by buyer confidence and a limited supply of high-end properties. However, he warns that sellers need to exercise caution when pricing their apartments to avoid overpricing and struggling to sell.

    Charlie Attias of Compass predicts a busy NYC market in 2025, driven by exceptionally high Wall Street bonuses, favorable property prices, and motivated sellers willing to negotiate. "After a slow period in 2022 and 2023 due to higher interest rates, NYC property prices appear to have bottomed out," he says.

    Andrew Feldman of The Corcoran Group notes that mortgage rates around 6% have established themselves as the new normal, a sign of a strong economy with solid employment and rising wages. He predicts a busy year for real estate in New York City, driven by unprecedented opportunities fueled by generational wealth redistribution and individuality in home design taking center stage.