Staten Island’s Resilient Market: Reflecting on My 2023 Prediction in the Staten Island Advance

Last year, I had the privilege of being quoted in the Staten Island Advance as local experts weighed in on predictions for the summer 2023 real estate market. While national headlines forecasted a significant drop in home prices, I shared a different outlook rooted in my experience with Staten Island and the New York market.

In the article, I stated: “I don’t see us going in that direction. In some parts of the country there may be a dip. But in New York we never really see the same dips as other parts of the country. Even when the market crashed in 2008, our price drops weren’t as high … however, I do believe that the year-over-year appreciation will be deflated substantially and prices will head sideways steadily.”

Now, looking back at summer 2023, that assessment proved to be spot on. While other regions saw notable declines, Staten Island’s market remained steady. Prices didn’t plummet—they leveled off, just as I anticipated. This resilience is a hallmark of our local market, and it’s something I’m proud to help my clients navigate.

For buyers and sellers, this kind of stability means less uncertainty and more confidence when making real estate decisions. My advice remains: stay informed, work with a local expert, and remember that Staten Island’s market often follows its own path—regardless of what’s happening nationally.

Want to read the full discussion? Check out the article where I was quoted here: Report hints that home prices will drop this summer: Staten Island experts weigh in on the prediction.