nyc BLOG estate

nyc BLOG estate

NY Still Bucking National Housing Price Trends

The Real Deal reported as overall U.S. home prices declined year-over-year in September 
for the second straight month, New York was the state with the highest level of home 
price appreciation in the country, with a 2.67 percent increase, according to a new report 
from analytics firm CoreLogic

That figure includes sales of distressed homes; excluding distressed home sales, 
New York home prices rose by 3.82 percent in September, compared to September 
2009. However, New York was one of just seven states to see home prices increase 
during that period, as the national housing market continues to struggle. According to 
the report, the country saw home prices depreciate by 2.79 percent in September, up 
from the 1.08 percent depreciation seen in August. 

In Manhattan the numbers for October 2010 are even better. Both condo and coop 
sales increased from September 2010. 

Below is The Corcoran Group: Manhattan Monthly Market Snapshot for October 2010.
Click to enlarge

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