Market Reports

Manhattan

2Q - 2017 Manhattan Sales

It is clear that the Manhattan real estate market remained robust, especially on the re-sale side. Prices edged higher, including two new records set and there was a sharp rise in sales as inventory slipped.

 

Brooklyn

The Brooklyn sales market was the fastest paced market on record this quarter and had the most second quarter sales in a decade. Nearly a quarter of all Brooklyn sales were above asking price, consistent with its low inventory.

 

Queens

Queens continued to see upward pressure on sales and prices from the “Brooklyn spillover” and was the fastest paced second quarter in a dozen years. Listing inventory was the second lowest second quarter in a dozen years as well.

Queens Northwest

Queens continued to see upward pressure on sales and prices from the “Brooklyn spillover” and was the fastest paced second quarter in a dozen years. Listing inventory was the second lowest second quarter in a dozen years as well.

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

July - 2017 Manhattan, Brooklyn and Queens Rentals

Manhattan price growth was concentrated in the lower priced market segments and the overall median rental price was unchanged from the same period last year at $3,450. The luxury market was the only market to see a decline in price trends. 

In Brooklyn, studios were the only apartment size to see a higher median sales price, and 
overall the median rental price slipped from the same period last year to $2,795.

Over in northwest Queens, prices moved higher, again, as new development share of activity remained elevated. Median rental price was up, more than Brooklyn median rent, at $2,998.

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