𝐖𝐡𝐲 𝐍𝐨𝐰 𝐌𝐚𝐲 𝐁𝐞 𝐚 𝐊𝐞𝐲 𝟐𝟎𝟐𝟓 𝐌𝐨𝐦𝐞𝐧𝐭 𝐓𝐨 𝐒𝐞𝐥𝐥 𝐘𝐨𝐮𝐫 𝐀𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭

Mortgage rates are finally heading in the right direction – and New York buyers are starting to jump back in.

According to the latest data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for apartment loans were up 23% compared to the first week of September last year.

If you’ve been waiting to sell your apartment, or your listing recently expired because the market was slower than you hoped, now’s the time to reconsider. Buyer demand is the highest it’s been since July – and you don’t want to miss this window.

When Rates Drop, Buyers React

Here’s what’s happening: the 30-year mortgage rate dropped to 6.13% earlier this week—the lowest since October 2024. That decline followed weak job growth and other economic indicators fueling speculation the Federal Reserve may cut the Federal Funds Rate multiple times this year. Financial markets are anticipating those decisions, and mortgage rates have started to fall as a result. That opens the door for more buyers to act.

In New York, buyers are especially sensitive to these shifts because affordability is always top of mind. Even a small dip in rates can make a big difference in monthly payments—and that means more qualified buyers are ready to make moves on apartments.

What This Means for You

If you’re considering selling your apartment, this is the time to get serious about the market and how to use it to your advantage.

• Maybe you had an expired listing that sat without offers earlier this year.

• Or you decided to hold off, thinking buyers weren’t out there.

This is your signal—they’re coming back. While it’s not the frenzied surge we saw a few years ago, this could be your window.

Here’s the opportunity: you can list while buyer activity is rising and before more sellers in your building or neighborhood jump in. Many apartment owners may not see this shift for a while, so acting now gives you the advantage.

If you wait, sure, there may be more buyers as rates dip further. But there will also be more apartments on the market, creating more competition. Why take that risk?

Bottom Line

New York buyers are watching rates closely, weighing their options, and stepping back into the market. If you’re thinking about selling, this may be the moment to get ahead.

Want to make sure your apartment shows up for the right buyers, at the right time? Let’s walk through the steps together so you can make the most of this opportunity.

Who You Work With Matters!