City Realty | NYC | Year End Market Report 2019

Market Report provided by City Realty

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.