If you’re considering buying or selling a home in Manhattan, take a look at the following real estate market report. We’ve compiled local data from various sites and public records to give you an accurate look at Manhattan’s real estate activity. If you need home financing assistance in the New York City metro, be sure to give AFR Mortgage a call (800-634-8616). We’re a New York mortgage lender offering competitive mortgage rates and great customer service.
Manhattan, NY Real Estate Report
Average Listing Price: $2,048,763
1-Week Change: -1.9%
Median Sales Price: $1,090,000
1-Year Change: +1.0%
Average Price/SqFt: $1,240
1-Year Change: -4.1%
Recently Sold: 1,972
Most Popular Neighborhoods: Upper East Side, Upper West Side, Harlem, West Village, Chelsea
There was a modest decline in Manhattan’s not-so-modest listing prices the week ending June 27, 2012. Sales prices appear to be holding fairly steady, with a small increase year-over-year. Of the five most popular neighborhoods, all experienced drops in average listing prices, except for Harlem, which saw no change since last year.