We have just released our second quarter 2016 “Elliman Report: Manhattan Sales,” the leading resource on the state of the Manhattan sales market. As always, our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available.
Manhattan sales volume for the spring apartment market was consistent with long-term averages. Additional inventory finally entered the re-sale market after three years of unusually low supply, helping ease the market’s pace to more sustainable levels. The entry and middle markets still remain the fastest moving and we expect more of the same over the next few quarters.
Manhattan Q2 2016 Market Report