![\"\"](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2018\/11\/Will-NYC-buyers-market-continue-in-2019.jpg\")
<\/a><\/p>\nPhoto: Robert Clark<\/em><\/p>\n Despite a record number of homes for sale in 2018, sales throughout New York City have dropped sharply creating the perfect buyer\u2019s market, according to a new <\/span>report<\/span><\/a> by the listing site StreetEasy.<\/span><\/p>\n \u201cMore New Yorkers seeking to accommodate a growing family, to relocate, or simply to cash out their investment will inevitably look to sell in 2019, adding to a market that\u2019s already saturated. These sellers will need to take much greater measures to move their homes,\u201d writes Grant Long, StreetEasy senior economist, in the report.<\/p>\n In an effort to attract buyers in 2018, sellers have been willing to cut prices and negotiate to close a sale. The share of listings that had a price cut hit its highest levels since the financial crisis. However, the average amount of those price cuts \u2014 on both a percentage and absolute basis \u2014 has not changed.<\/p>\n \u201cInstead of coming to grips with the fact that asking prices are too ambitious, most sellers are making small, incremental adjustments to attract buyers. This strategy didn\u2019t work in 2018, and isn\u2019t likely to in 2019,\u201d says Long.<\/p>\n But homebuyers in Queens are likely to face the most challenges \u2014 and not because of Amazon\u2019s arrival in the Big Apple.<\/p>\n Over the last year, Queens home prices have risen at a consistently faster pace than in Brooklyn or Manhattan \u2014 yet remain relatively affordable. \u00a0The average listing price in Queens is $657,000, compared to $1.39 million in Manhattan and $950,000 in Brooklyn.<\/p>\n