Manhattan

Manhattan Real Estate Market Quarterly Report: Q3 2019

Manhattan Real Estate Market Quarterly Report: Q3 2019 Buyers continued to find improved value in the Manhattan market during Third Quarter 2019. Last quarter proved to be an anomaly, when the impending state mansion and transfer tax changes drove a rush to close high-end deals and spiked price statistics. With prices lower, the number...

State of the Market: Summer 2019

“July’s closings were so low, you could hear crickets chirping. Concerned that our numbers could be incorrect, we used three reliable sources to confirm the closing figures; Urban Digs, Corcoran’s in house database and Streeteasy. The numbers are not just low, they are record breaking! Taking a deeper look at what this means, July...

New York City Real Estate Market Quarterly Report: Q2 2019

Manhattan’s 2nd Quarter was one of reassuring news as Manhattan sales increased year-over-year for the first time in two years. Manhattan’s challenging real estate market welcomed reassuring news in Second Quarter 2019. Market wide sales increased year over-year for the first time in two years, up 5% annually to over 3,300 sales totaling $7...

New York City Real Estate Market Quarterly Reports: Q1 2019

Manhattan set a new record in first quarter of 2019 with the closing of the highest priced home ever sold in the United States. Manhattan In Manhattan, the challenging market continued in First Quarter 2019 as sales declined amid affordability, supply and tax headwinds. Market wide closings fell 5 percent year-over year to about...

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3Q18 Manhattan Corcoran Report

Third Quarter market activity diminished as buyers took a “wait-and-see” attitude: Manhattan market-wide closed sales and signed contracts declined compared to a year ago as buyers remained cautious with lingering concerns over tax implications and the belief that prices would continue to decrease.   Market-wide closed sales decreased 10% and contracts signed decreased 12%...