Realtors say prices are up and inventory down

Realtors appear to be in agreement that prices across midtown and elsewhere are on the rise and that the inventory of homes for sale is down. Many are tying this phenomenon to our long and cold February. It’s a dynamic that has apparently kept Spring Fever at bay among potential sellers. In South Bayview, recent days have seen keen interest by buyers. More than one bidding war has pushed the price higher in Leaside and across East York. Bayview Ave. Realtor Richard Byford among many has concluded that “It’s a sellers market.”  In Davisville Village most agents agree that multiple bids are common. Of course, the low level of inventory will have as much to do with homeowners who have decided to sit tight on their share of the finite housing commodity in this desirable part of the city. But warmer weather will inspire more listings