It is with great pleasure that I share with you the just released first quarter 2017 “Elliman Report” for the Manhattan sales market, the leading resource on the state of these markets.
Our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and objective market insight available.
After falling year over year in the prior two quarters, sales increased due to more re-sale activity in the Manhattan market. Re-sale inventory edged higher but supply remained balanced. Additionally, we saw increased negotiability as sellers became more willing to meet the borrower on price.