The Elliman Report: Manhattan Sales 3Q-2015 we author on behalf of Douglas Elliman Real Estate was published today. It’s part of our report series that has been expanding since 1994.

Here’s a brief summary but I’ll provide a more thorough explanation of the results in tomorrow’s Housing Notes (don’t just stare blankly at the screen, please sign up for my free weekly newsletter here.)

– Median sales price was second highest on record, highest since 2008
– PPSF set 26 year record of $1,497 per sqft
– Year-over-year sales increased for first time in a year as pent-up demand from financial crisis has been fully absorbed
– Listing inventory growth stalled in 2015 after bottoming at the end of 2013
– 51% of all sales were cash purchases, up from 43% a year ago
– 53.9% of all sales were “at or above” list price at time of contract, a seven year record
– Luxury housing prices did not see the same growth as overall market
– Days on market was lowest (fastest) in 15 years at an average of 73 days
– Larger price gains seen in larger apartments such as 2, 3, 4 bedrooms than studios – 1 bedrooms
– New development market share of closed sales continued to rise