Market Reports

Manhattan

4Q - 2016 Manhattan Sales

Manhattan sales volume slipped from year ago levels but remained much higher than long terms norms.

Resale inventory edged up, providing buyers with more opportunities and fewer bidding wars to navigate. Cash buyers continued to make up nearly half of the market and sellers continued to be more negotiable.

Brooklyn

4Q - 2016 Brooklyn Sales

In Brooklyn, Queens and Riverdale, the housing market set new price records across property types and regions, similar to last quarter. Additionally, we saw increased sales activity along with a jump in average sale prices.

Queens

4Q - 2016 Queens Sales

In Brooklyn, Queens and Riverdale, the housing market set new price records across property types and regions, similar to last quarter. Additionally, we saw increased sales activity along with a jump in average sale prices.

Queens Northwest

4Q - 2016 Queens Northwest Sales

In Brooklyn, Queens and Riverdale, the housing market set new price records across property types and regions, similar to last quarter. Additionally, we saw increased sales activity along with a jump in average sale prices.

Manhattan

Decade

2006 - 2015 Manhattan Decade Report

Manhattan apartment prices exceeded the pre-financial crisis peak for the first time, setting new records.  Co-op sales fell and condo sales rose with new development accounting for the difference.  Despite the modest rise in inventory, the market remains historically fast-paced.

Manhattan Townhouse

Decade

2007 - 2016 Manhattan Townhouse Report

The Manhattan Townhouse report for 2007-2016 showed that townhouse sales were 2.6% of all residential sales and continued to be a luxury submarket.

Manhattan Brooklyn Queens

For Renters

December - 2016 Manhattan, Brooklyn and Queens Rentals

This has been an interesting time for the rental market where landlord concessions are becoming the new normal in negotiating leases in all these markets where we saw average rental prices decline in Manhattan and Brooklyn, except in Queens, where rents increased for the sixth time in the last twelve months.

In Brooklyn and Queens, new leases continued to surge as new development entered the market and tenants pushed back on rents.

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