New York property report: Q2’2022 condo median price rose to the highest on record at $1.882 million, a 14 percent increase compared to prior year. Average sales price showed a similar trend, increasing by 15 percent to $3.045 million. Listing inventory increased by 18 percent compared to prior quarter and provided relief to the tight supply situation as the market moves away from a seller’s market.
Read full article here: New York Property Report
About:
Wei Min Tan is a Manhattan, New York property broker focusing on global investors of Manhattan condominiums. Wei Min has been interviewed by CNBC, CNN, Wall Street Journal and New York Times on the Manhattan property market. Wei Min can be reached at tan@castle-avenue.com
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