Manhattan 2009 1st Quarter Report
- Over 10,000 apartments are available for sale, up 15% from previous quarter
- Sales declined 47.6% from same period last year
- 57.2% of sales for 1st Quarter were Re-sales, down 69.5% from same period 2008
- Median sales price of re-sale property fell 20.8% from prior year quarter
- Median sales of a new development rose to 31.4% from prior year quarter
- Average days on market rose to 170 days, previous year quarter was 146 days
- The average discount between asking price and sales price increased to 12.4% from prior year quarter
Patrick Lilly Group
The Corcoran Group Real Estate
490 Broadway
New York
NY
10012
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Last modified 7/31/2010