My April / May 2018 Newsletter

Dear Friends and Colleagues,

Manhattan market was slower in Second Quarter 2018, there were fewer closed sales, more inventory came onto the market, and prices steadied. If you are a new buyer in the market, there is a lot of quality choice on the market. In the Last quarter there were approximately 3,200 transactions signed in the last 12 months, slightly down on 2017. Inventory expanded 17% year-over-year to approximately 7,500 listings. Signed contracts and sales improved on the last quarter, as buyer demand for Manhattan properties still saw an increase in Second Quarter 2018.

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