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New York City: Going up

…According to Miller Samuel Inc., the authority on New York City residential real estate sales data, “[Q3] Sales reached the second highest total in 24 years, inventory fell to a record low. The 3,837 sales in the third quarter were 30% above the prior year total and second highest only to 3,939 in the second quarter of 2007. Listing inventory dropped 21.9% to 4,567 from the prior year quarter, the lowest since it was tracked in 2000.”…

…The Elliman Report, prepared by Miller Samuel Inc., has the following to say about the Q3 2013 in Manhattan:…

…Miller Samuel Inc. says regarding the activity in the coop market; “The number of sales surged 37.6% to 2,378 from the prior year quarter, the highest total in 24 years.”…

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#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
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