< All Market Reports

Elliman Report: Manhattan Sales 4Q 2015

Manhattan housing price indicators set records as overall sales levels remained high. After hovering just below the million-dollar threshold for the past year, median sales price broke through, surging 17.3% from the year ago quarter to a record $1,150,000. Manhattan joined Brooklyn as the only boroughs to break the “pre-Lehman” high before the financial crisis began. The previous Manhattan median sales price record of $1,025,000 was set in the second quarter of 2008. Average sales price followed the same pattern rising 12% to a record $1,948,221. Both records are reflective of a 27-year data series and were set by both higher re-sale and new development prices…

Download Now

Get Weekly Insights and Research

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
millersamuel.com/housing-notes
Joined October 2007