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Elliman Report: Manhattan Townhouse 2002-2011
The Manhattan housing market saw the largest number of sales since the credit crunch began, reaching a yearly sales level consistent with the annual average of the past decade. The robust apartment rental market influenced the gain in 2-family and 3-5 family market share as 1-family market share slipped over the past year. The jump in market share of lower priced multi-family sales pulled the price indicators lower. Listing inventory as well as days on market expanded year-over-year as all price indicators slipped. The townhouse price indicators were more than double their respective 2002 levels. East Side and West Side market share of Manhattan sales fell as Downtown and Uptown market share expanded over the same period.
