Manhattan market reports were released today from Miller Samuel, and major Manhattan brokerages.
Sales of coops and condos fell 21.8% compared to same quarter last year. Inventory rose 31.2% but the median sale price rose 14.5% Sale prices were down 3.1% from the previous quarter.
The market reports have been much anticipated by brokers. The data only confirms what we've been seeing in the market. I found out the reports were released when Glenn Roberts from Inman news contacted me to talk about the Manhattan market and trends.
For the complete story: Sales still falling in Manhattan from Inman News. For the the complete market report Miller Samuel.
This link: Short term glut. Long tern opportunity was my first blog post. It was written June 23, 2006 the last time I thought we were in a buyer's market. I think it is still relevant today.
Jul 2, 2008
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7 Responses to "2Q-08 Manhattan Market Report"HI
It is a great and amazing news for real estate agents.
Hi
I think most agents are ready for this news and they are also ready for take by this property.
Thanks for the update.
Aloha,
Keahi
Great Blog! I have been selling real estate in Bend Oregon since 1981 and find it refreshing to find a helpful blog like yours! Keep up the good work!
http://www.bendoregonrealestateexpert.com/
brazil property, Thanks for your comments
Keahi, Thanks for stopping by Aloha
Jim, Thank you, I appreciate the compliment and the encouragement. I will come visit your blog.
Hi
The report of 2nd quarter is so different to 1st quarter report.
Wait until the 3rd quarter report. It is going to be very different. Prices and sales are down.
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