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Wednesday, January 9, 2008

Up? Down? Side to Side? Current Market Review


The Manhattan Market Key Points:
- Overall prices are rising at a very modest pace. The overall median sales price was up 6.4% over the same period last year.
- The luxury market price indicators were up sharply and luxury inventory was down significantly.
- Overall Inventory is down 13.5, but only in co-ops (co-ops down 26.2%, condos 0%)
- Number of sales up 3.2%, a modest increase
- Overall days on market down 12.4% to 131 days
- Listing discount essentially unchanged at 2.7%

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