NYC Residential First Quarter 2011
Market Reports provided by The Real Estate Board of New York
|NYC RESIDENTIAL FIRST QUARTER 2011
The New York City residential sales market moved sideways in the in the first quarter of 2011 with the average price of a home declining by 1 percent while the number of transactions increased by 2 percent compared to the fourth quarter of 2010. The lack of clear direction was also demonstrated by a 1 percent increase in the total dollar consideration for all residential trans- actions.