RESIDENTIAL MARKET OVERVIEW


THE RESIDENTIAL MARKET FOR MANHATTAN CONDOMINIUMS AND cooperatives saw a downward trend in 2019. The average sales price in the fourth quarter was $1.8 million, down 7.5 percent year-over-year. Similarly, the average price per square foot fell 6.1 percent to $1,581. There was more product to choose from, with listing inventory rising 9.1 percent year-over-year.

Median Sales Price

 

4.4%

Year-over-Year Percent Increase


Number of sales

-1.2%

Year-over-Year Percent Decrease


Listings inventory, by number of units

9.1%

Year-over-Year Percent Decrease


THE AVERAGE MANHATTAN APARTMENT

 Q4 2019YEAR-OVER-YEAR CHANGE
AVERAGE SALES PRICE$1,815,700-7.5%
AVERAGE PRICE PER SQUARE FOOT$1,581-6.1%

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