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Laura Matiz

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Manhattan Sales Report 3Q 2019 Highlights

10/23/2019

 
Compiled from the Elliman Reports 3rd Quarter 2019 Highlights and Press Release
The recent Mansion Tax deadline poached sales from this quarter back into the prior quarter.
Picture
  • The number of sales decreased year over year by 14.2% to 2,562.
  • Conversely, the second-quarter number of sales jumped 12.5% year over year, prompting some market observers to interpret the formation of a recovery.
  • The second and third-quarter sales total for 2019 was compared to the same period in 2018, indicating a sales decline of 1.7%. This two-quarter comparison was made to control for the significant tax-related swing in quarterly sales. This decline was similar to the 1.9% year to date sales drop comprised of the first three quarters compared to the same prior-year period.
  • Median sales price decreased 8.2% to $1,025,000, and the average sales price dropped 14.1% to $1,656,395 respectively from the year-ago quarter, with the latter reaching its lowest level in six years.
  • Days on market, the average number of days to sell all apartments that closed during the quarter, was one day faster — falling to 91 days from the year-ago quarter.

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Laura Matiz

Licensed Associate Real Estate Broker
575 Madison Avenue
New York City, NY 10022
Email: lmatiz@elliman.com
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  • Home
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    • Bios
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    • Laura's Listings (external)
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