Manhattan Monthly Market Snapshot |February 2013

Marketwide Summary 

As we enter the beginning of the typically strong Spring season, market -wide sales activity picked up significantly in February. Both condo and co-op sales increased compared to last month and last year. 

Sales typically increase in February and condo sales were up 16% and co-op sales were 22% compared to this time last year. Average condo prices reached new highs in February while average co-op prices declined compared to last month and last year due to increased sales activity for smaller co-ops. 

Robust sales activity continues to out strip supply. Condo inventory is 29% lower and co-op inventory is 26% lower than this time last year.

 

source:  
The Corcoran Report Manhattan Monthly Market Snapshot