Josh Barbanel at the Wall Street Journal took the results of our just released Elliman Report: The Manhattan Decade 2003-2012 and adjusted them for inflation – showing that housing prices are as affordable as they were in 2004.

Here’s his original story in WSJ “Easing Apartment Pain” [subscription] that goes with the chart.

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3 Responses to “[WSJ Live] InflationWatch: Why Manhattan is a “Bargain””

  1. Park City Realtor says:
    February 1, 2013 at 3:59 pm

    We’re seeing the same type of trend here in our luxury ski area. Still a lot of great deals on the market but trending upwards at a healthy rate.

  2. Gabe Sanders says:
    February 2, 2013 at 9:49 am

    Those areas that have intrinsic value and are in a gighly desirable area continue to do well. Other areas in the country are still struggling in the higher end of the market.

  3. Jonathan Miller says:
    February 2, 2013 at 8:06 pm

    Great points – of course the takeaway is that all markets are different. Thanks for checking in on Matrix.