Manhattan Residential Sales Report - 1st Quarter 2014

Market Report provided by The Real Estate Board of New York

Median Recorded Sale Price increased by 16.9% since last year and by 6.5% since last quarter. Total Inventory decreased by 13.0% since last year and by 1.0% since last quarter. Contract Activity decreased by 15.2% since last year and by 9.3% since last quarter. Time on Market decreased by 35.2% to 89 days, compared to 137 days last year. Condo Market Index for February 2014 increased by 2.6% since January and by 16.3% since February 2013. The index is currently at its all-time high.