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Manhattan’s condo sales steady in December
Manhattan’s condominium market remained relatively flat in December, with contract volume down 2 percent for the month, compared to one year ago for the same month, and inventory down by 3.2 percent, according to Streeteasy.com’s Manhattan condo market index, released today.
Median listing prices went up 3.1 percent in Manhattan compared to a year ago, the report shows. The Upper East and Upper Manhattan markets had listing median price declines of 12.5 percent and 4.3 percent, respectively.
The Upper East also had a 13.1 percent drop in contract activity. Midtown, on the other hand, had a 22.6 percent jump.
Meanwhile, compared to the prior January, 10.4 percent more starter apartments went into contract this month in Manhattan than family-sized apartments, which declined by 13 percent year-over-year. –– Katherine Clarke