ELLIMAN QUARTERLY

MARKET REPORTS

Manhattan & Brooklyn Quarterly Market Report

Q3 2019 Report Summary

 

 Median sales prices slipped year over year for the second time in three quarters. The number of sales fell annually for the seventh straight quarter, and listing inventory continued to trend higher, rising year over year for the sixth consecutive quarter.

Manhattan Quarterly Market Report

Q2 2019 Report Summary

This quarter in Manhattan saw a first annual rise in sales in seven quarters with buyers motivated to avoid exposure to the new mansion tax. Sales increased year over year for the first time after six quarters of declines. The most significant rate of annual sales growth occurred from $2 million to $5 million. The market-wide median sales price set a new record.

 

Brooklyn Quarterly Market Report

Q2 2019 Report Summary

Although median sales price in Brooklyn reached a new record, sales slipped annually for the sixth straight quarter. The median sales price increased 4.5% to $815,000. Sales from $1 to $2 million and $4 to $10 million saw year over year increases.

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