Highlights of the 2Q '08 PDE Manhattan Market Overview
Prices were at or near record levels: Median Sales Price $1.025M, up 14.5%.
After excluding 15 CPW/The Plaza: Median Sales Price $995K, up 11.2%.
Number of sales fell 21.8% from 2Q 07, the highest total recorded for this report.
Current sales levels are 27.6% above 5-year quarterly average of 2,413.
Days on market was 135 days, 2.5 weeks longer than last year.
Listing discount was 3.6%, up from 2.2% last year
Inventory 6,869 units, 31.2% higher than last year.
Inventory is 10.9% below same period 2 years ago.
Luxury inventory 31.5% below same period last year. |