Showing posts with label Manhattan Monthly Market Report Residential Real Estate. Show all posts
Showing posts with label Manhattan Monthly Market Report Residential Real Estate. Show all posts

Jul 16, 2018

Manhattan Monthly Market Report | June 2018

Manhattan Monthly Market Report | June 2018

Market Wide Summary 

There was a divergence in June sales activity amongst condos and co-ops, as contracts signed rose for co-ops but fell by double-digits for condos. All pricing metrics for condos decreased, with median sale price being the most significant.

Price statistics for co-ops were varied as average price increased substantially due to some very high-priced deals but median price decreased. The average price per square foot remained relatively flat for condos, while it increased almost 30% for co-ops. Listed inventory for condos reached a 12-month high for the third consecutive month, and co-op inventory rose 33% to its highest level for any June since 2012.

Average days on market stayed relatively flat for condos, while it increased significantly for co-ops. Negotiability was up monthly and annually for condos and co-ops, as high inventory continues to drive up that figure.


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