Showing posts with label Manhattan Monthly Market Snapshot May 2014. Show all posts
Showing posts with label Manhattan Monthly Market Snapshot May 2014. Show all posts

Jun 12, 2014

Manhattan Monthly Market Report | May 2014

1 comments
Manhattan Monthly Market Snapshot | May 2014

Prices and other market fundamentals remained solid in May, despite another month of decreased year-over-year sales volume. The decrease in volume, down double digits in both markets, is
more reflective of the high number of sales in 2013 than of low sales this year. April and May
2013 were particularly active months with more total contracts signed than any other month
since June 2007. 

Both the condominium and the co-op markets saw year-over-year growth in average price, 
median price, and price per square foot. Versus last month, however, prices contracted in 
each of these measures. On a longer range view, average price and price per square foot have remained relatively steady over the last six months, reflecting stabilization following 
record-breaking price growth during 2013. 

Larger condominium units once again experienced bigger price per square foot gains, with two 
and three bedroom units growing significantly year-over- year. Inventory has started to replenish
in the condominium market, up 13% from May 2013. Co-op days on market was the lowest 
this month since before the downturn, indicating a solid market despite slowing price 
growth.

 
HOME

This blog site is designed and published as a consumer service by local real estate broker to help Manhattan, New York City buyers, sellers and renters make informed real estate decisions. This site and its feeds are owned and operated by Mitchell J Hall, a NY State licensed real estate associate broker associated with The Corcoran Group and member of the Real Estate Board of New York.

Legal Disclaimer - The opinions expressed here are those of the authors and do not neccessarily reflect the opinions or policy of The Corcoran Group. This site is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than New York.

Legal Disclaimer - Information on this site is not intended as legal or financial advice. - All material herein is intended for information purposes only and has been complied from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. I operate a business that supports Fair Housing.“We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program which there are no barriers to obtain housing because of race, color, religion, sex, handicap, familiar status or national origin.”

© Copyright 2006 -2014 © nycBLOGestate.com © BlogEstate.nyc Al l Rights Reserved