Real Estate Guides

NEW YORK CITY RESIDENTIAL SALES REPORT- 2ND QUARTER 2016

Market Report provided by The Real Estate Board of New York
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The New York City residential sales market started to face some resistance in the second quarter of 2016. While the average sales price of all homes in the city increased – reaching a new, all-time high since the Real Estate Board of New York (REBNY) began tracking home sales data in 2006 – and average sales prices for a home in each of the five boroughs rose year-over-year, sales volume started to weaken. The Bronx and Staten Island were the only boroughs to record increases in sales volume this quarter when compared to last year.

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