Sometimes it only takes one open house to find the right place – but that’s certainly not the norm. According to the 2013 National Association of Realtors’ Profile of Home Buyers, the typical homebuyer nationwide searches for three months and views 10 homes.
But in New York City, according to a wide-range of Manhattan-based brokers, the number of showings can vary from about 12 to as much as 130-plus before a client pulls the trigger – despite the lack of inventory.