2009 - 2013 there were some good bargains in LIC and other areas. It will take a major recession to see some prices come down again to some reasonable level.

2009 - 2013 there were some good bargains in LIC and other areas. It will take a major recession to see some prices come down again to some reasonable level. Also, I wonder what the volume of transactions is. Because I see little inventory (I was looking into Brooklyn), and perhaps only new construction is selling, which means it skews prices higher (new construction is always more expensive).