Manhattan Real Estate Sales Year over Year

Median sales price slipped year over year for the first time since the pandemic era began but was well above pre-pandemic levels
The rate of annual sales growth went negative for the second straight quarter
Listing inventory slipped quarterly but was on par with pre-pandemic levels despite sales slowdown
Coop median sales price increased year over year for the seventh consecutive quarter
Condo sales fell sharply year over year but remained above pre-pandemic levels
All luxury price trend indicators expanded annually for the fifth straight quarter
Luxury listing inventory expanded annually for the second straight quarter but was sharply below pre-pandemic levels
Average price per square foot of new development sales edged higher year over year but was sharply below pre-pandemic levels
New development sales declined sharply from the year-ago surge but remained significantly higher than pre-pandemic levels
Information obtained from the Elliman – Miller Samuel Report: Q4-2022 Manhattan Sales