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Manhattan Trends:
- Co-op median price was 19% higher than a year ago, a significant increase. With co-ops representing a relative bargain to condos, demand is high, driving pricing upward and inventory down.
- Prices continue to grow in the condo market with high priced deals drawing average price up but leaving the median relatively stable.
- While condo inventory hit a trough in December 2013 and has been rising since, co-op inventory has declined year-over-year every month since December 2011.
Brooklyn Trends:
- Brooklyn average sale price increased 3% compared to last year, while median sale price increased 9% year-over year, the 28th and 9th consecutive months of growth, respectively
- Total available inventory in Brooklyn increased 28%, year-over-year, to 5,476.
- There was a 11% year-over-year decrease in average days on market and a 16% decrease month-over-month.
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Filed under: Brooklyn Neighborhood News, Home Buyers and Sellers, New York City Neighborhood News Tagged: manhattan apartment, Manhattan condo, manhattan coop, Manhattan Real estate, manhattan real estate agent, New York city apartment, New York City Real estate, upper west side apartment
