New York Property Report: Q2'2022

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

New York Property Report

Most important points in Q4:

1. Highest sales volume since 1989 2. Supply at 5.7months, vs 13.5 months a year ago. Fastest market in 6 years.

3. Growth in $2 million to $5 million price segment

Read full article here: New York Property Report

New York property report: Q3’2021 Manhattan condo market

 

Q3’2021 sales volume was the highest in 32 years. This is driven by low mortgage rates, rising vaccination adoption and improving economic conditions. Meanwhile, the rental market is extremely hot as thousands of people move back into Manhattan. Our clients’ condo units rented out in 1-2 days with multiple offers above asking price!

Read full article here: New York Property Report