Manhattan Residential Sales Report - 4th Quarter 2013

Market Report provided by The Real Estate Board of New York

Manhattan Condo Market Index for November 2013 increased by 1.0% since October and by 12.0% since November 2012. The index is currently at its all-time high. Total Inventory decreased by 8.9% since Q3 2013 and by 8.7% since Q4 2012. Signed contracts decreased by 5.5% since Q3 2013, but increased by 10.4% since Q4 2012. Time on market decreased by 31.3% to 92 days, compared to 134 days from Q4 2012.