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Tag: nyc market conditions

The Role Of Real Estate Appraisers In New York’s Property Market

Real estate appraiser on-site for a home inspection.

Real estate appraisers are state-licensed professionals who develop unbiased opinions of market value under USPAP (Uniform Standards of Professional Appraisal Practice), playing a critical role in New York’s property market by protecting buyers from overpaying, helping sellers price accurately, and ensuring lenders make sound lending decisions. A real estate appraiser conducts property valuations by: In […]

Are NYC Property Prices Dropping?

Falling property prices trend in NYC

NYC property prices are not dropping significantly. The median asking price reached $1.1 million in May 2025, showing a 2.3% year-over-year increase, with modest growth of 4-6% expected through 2026. For professional property valuations and market analysis, Block Appraisals provides comprehensive real estate appraisal services throughout the New York City metropolitan area. Key NYC Real […]