City Realty | NYC | Year End Market Report 2019

Market Report provided by City Realty
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Following escalating prices during the first half of the decade, Manhattan residential real estate remained flat in 2019, with condos showing slight gains in average pricing and a modest decline in sales volume. For the overall Manhattan residential market CityRealty analyzed, consisting of condos, co-ops, and condops south of 96th Street on the East Side and south of 110th Street on the West Side; approximately 10,400 residential units are expected to close in 2019, down from 10,531 in 2018. There was a small increase in the average price paid for an apartment in 2019, rising from $2.07 million to $2.12 million. The median price of all apartments also rose slightly from $1.18 million to $1.2 million this year.

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