I am proud to introduce Douglas Elliman’s Quarterly Market reports for Manhattan. These reports give the most up-to-date data on the market. See more at Elliman.com/marketreports or contact me for more information.

Mortgage-related sales in Manhattan exceeded cash sales for the first time in two years. Sales rebounded year over year for the first time since mortgage rates began their ascent, accelerating the market pace. Listing inventory rose annually for the first time in five quarters, rising above the second-quarter decade average. While median sales price slipped nominally year over year, it was the second highest level in two years. New development sales, prices, and listings expanded for the first time in a while. Luxury listing inventory rose year over year for the second time after three quarters of declines.

At Douglas Elliman, we are continually looking for ways to provide our clients with better information, empowering them to make more informed decisions. 

Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to you.