Trending

Manhattan market likely to stay hot

Sign Up for the undefined Newsletter

A drop in Manhattan inventory levels over the past couple of months indicates that the residential market will stay hot through the usually stagnant summer months. Inventory was down 11 percent from April through May, according to data from appraisal firm Miller Samuel, a sign that sales are strong and will continue to be strong for the foreseeable future. The fact that the market is not seeing a slowdown can perhaps be attributed to its steadiness–unlike the most of the rest of the country, it is not seeing tumultuous bursts or busts. more [NYO]

Recommended For You