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Manhattan Market Report

Started by SteveFR
over 7 years ago
Posts: 74
Member since: Apr 2017
Discussion about
https://www.cityrealty.com/nyc/market-insight/market-reports-research/monthly-market-reports/may-monthly-market-report/17228 For the first time in three months, the total number of sales in Manhattan rose in the four weeks leading up to April 1, as did the average price. The number of recorded sales, 807, was up substantially from the 688 recorded the preceding month. The average sales price for all units, including co-ops and condos, was $2.1 million, up from $1.9 million the prior month.
Response by SteveFR
over 7 years ago
Posts: 74
Member since: Apr 2017

Any out in the field reports from our pros? Thanks

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Response by stache
over 7 years ago
Posts: 1298
Member since: Jun 2017

People buy in the Spring.

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Response by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009

This is tracking month-on-month sales and not year-on-year. And although they're calling it their "May Report" it's talking about sales from March which are already slightly stale. In another thread I posted about the latest Olshan report which showed that the one-week boom of 37 contracts was followed by only 25 the next week.

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Response by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009

https://therealdeal.com/2018/05/07/scorecard-new-dev-resi-inventory-increased-for-the-third-month-in-a-row/

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