Real Estate Guides

NEW YORK CITY RESIDENTIAL SALES REPORT- 1ST QUARTER 2016

Market Report provided by The Real Estate Board of New York
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The Manhattan and Brooklyn sales markets emerged from the slower winter months slightly more expensive than last year, according to the most recent market data by StreetEasy. While inventory grew slightly in Manhattan, it continued to fall in Brooklyn, allowing prices to grow at a considerably faster pace there than in Manhattan. As affordability looms heavy over New York households, relatively lower-priced homes in East Brooklyn and Upper Manhattan led the two boroughs in annual price growth in the first quarter; a strong sign that a growing number of buyers are seeking value in these areas of the city.

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