Showing posts with label Manhattan monthly market snapshot February 2013. Show all posts
Showing posts with label Manhattan monthly market snapshot February 2013. Show all posts

Mar 12, 2013

Manhattan Monthly Market Snapshot |February 2013

Marketwide Summary 

As we enter the beginning of the typically strong Spring season, market -wide sales activity picked up significantly in February. Both condo and co-op sales increased compared to last month and last year. 

Sales typically increase in February and condo sales were up 16% and co-op sales were 22% compared to this time last year. Average condo prices reached new highs in February while average co-op prices declined compared to last month and last year due to increased sales activity for smaller co-ops. 

Robust sales activity continues to out strip supply. Condo inventory is 29% lower and co-op inventory is 26% lower than this time last year.

The Corcoran Report Manhattan Monthly Market Snapshot


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