NYC Condo Market Is on the Up and Up!
We just updated our Manhattan Condo Market Index for February, which marked the 18th consecutive month of appreciation, and the index has risen 11.7% since hitting bottom in November 2011. The last time values rose to this level was in April, 2007.
Values in February were up 4.8% year-over-year, the largest annual gain since February, 2011. The highest year-over-year gains occurred in January, 2011, with an increase of 6.2%, after the financial crisis of 2008.