Contact me here for assistance with buying or selling a home in Manhattan.
Manhattan Trends:
- This month a significant 2,459 new listings were added to the market, 14% more than were added in April 2014. Due to the large number of new listings, total inventory increased 14% since last month and a 3% increase versus April 2014.
- While sales under $2M represent 72% of the market, listings under $2M make up just 57% of inventory.
- Co-ops showed strength for sellers in every metric in April 2015. All prices increased by double digits, with a 22% increase in average price versus April 2014. Median and average price per square foot also increased, 12% and 13% respectively
- While average price and average price per square foot continued to increase, median price decreased by 4% relative to April 2014.
Brooklyn Trends:
- For nineteen out of the last twenty months Brooklyn experienced year-over-year growth in average and median sale prices, increasing 4% and 17%, respectively.
- Total available inventory in Brooklyn increased 24% to 5,351, year-over-year. The number of listings in April 2015 was 13% higher than the average number of listings over the last 12 months.
- Brooklyn had a 26% growth in contracts signed versus April 2014. In April, 71% of buyers paid at or above asking price.
Click the images above to access the full report
Filed under: Home Buyers and Sellers, New York City Neighborhood News Tagged: Central Park West Apartment, manhattan apartment, manhattan co-op, Manhattan condo, manhattan coop, Manhattan Real estate, New York city apartment, New York City Real estate, new york city real estate broker, upper west side apartment 
