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Elliman Report: Manhattan Townhouse 2008-2017
The 2017 Manhattan townhouse market continued to fall short of market-wide record prices set in 2015 while listing inventory declined to the second lowest level on record. There were 354 townhouse listings at the end of the year, down 13.9% from the prior year to the second lowest level recorded in over 20 years. Since 2015, there has been a steady decline of listings as overpriced property began to exit the market. Overpriced inventory has help exaggerate the inventory shortage and held back sales activity. The number…
