Manhattan Market Report 2014-2016
A glance at Downtown Manhattan’s market in the last three years reveals increasing costs and shifts in sales activity. Following its sales drop in 2015, Downtown Manhattan appears to be recovering by nearly 9% by the end of 2016, revealing newly regained levels of market demand. This occurs as the inventory volume grows each year to include a higher variety of housing options for buyers to choose from. The time duration for real estate transactions has been fluctuating, although it has typically remained the same. Overall, current data reveals an active market driven by levels of demand from buyers despite the increasing cost of living in the area.