Manhattan Median Sales Prices 2000-2010

Nice chart provided by urbandigs via Miller Samuel. The "crash" doesn't look nearly as pronounced as some might have thought (myself included). Noah makes the excellent point that the Manhattan market is fairly fragmented, so in certain sectors, the correction was much sharper, but as an overall picture this seems as good as we can get. Unfortunately, these price levels are still pretty crazy in most parts. This is going to be a strange trip over the next few years, but I think it's obvious at this point that any prognosticator who promises certainty has his head up his/her patootie. http://www.urbandigs.com/2010/07/10yr_manhattan_median_sales_sn.html