Realty Times - Manhattan, New York Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > New York > Manhattan
Upper West Side

Market Conditions Summary for Manhattan, New York

Reported by
WRA Properties, Inc.
as of 1/26/2012:

COMMERCIAL REPORT: The investment property and multi-family inventory is low, keeping prices and demand... MORE->

Reported by
Mike Akerly
as of 12/27/2011:

Manhattan - The median price of condos was down 5.9% year-over-year while the median price of co-ops was down 2.2%. This does not necessarily mean that the value of property was down, just that the median sales price was lower. This can be explained... MORE->

Reported by
Jennifer A. Chiongbian
as of 11/5/2011:

The market is trending down slightly, but no where near the rest of the country is; due to continued high demand, and no vacant land. Average sale price 3rd Q. 2011 is $1,206,770 with 1,317 units sold, versus last year 2nd Q. 2010, was $1,251,959... MORE->

Average Current Market Rating: 2.3 (3 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 2.7 (3 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > New York > Manhattan
Upper West Side

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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Mortgage Rates
30 Year Fixed: 3.87%
15 Year Fixed: 3.24%
1 Year Adj: 2.74%
(U.S. Weekly Averages)

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