Real Estate
How many NY sellers are giving buyers concessions?
Unfortunately for New Yorkers, the percentage isn't as high as the national average.
![](https://patch.com/img/cdn20/users/26481355/20230323/100010/styles/patch_image/public/stat-2-seller-concessions___23095221497.png)
It seems like sellers are more willing to give concessions lately. In the 3 months ending Feb. 28, they gave buyers concessions in 46% of home sales, according to a Redfin report. Redfin started recording this stat in June 2020 and so far, this is the highest share percentage of any three-month period.
The same period a year prior, sellers gave buyers concessions in just 31% of home sales.
While this is a good number, it's a national average. In looking at just the NY metro area, sellers gave buyers concessions in just 17% of home sales, up from 16% in the same 3-month period a year prior.
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Find out what's happening in Nyack-Piermontwith free, real-time updates from Patch.
Lic. Real Estate Salesperson - Howard Hanna | Rand Realty