Our exclusive Decade Elliman Reports for the Manhattan Townhouse Market

The Mackay|Dixon Team|February 7, 2024
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The Manhattan townhouse market ended the year with record prices, elevated sales, and inventory listed below pre-pandemic levels. Median and average sales prices rose to new highs in twenty-seven years of trackingListing inventory fell year over year for the first time in three yearswhile sales fell annually for the sixth time in seven yearsLuxury listings fell year over year for the second straight yearSingle family sales slipped year over year for the second time as price trend indicators fellTwo family price trend indicators surged year over year as sales declined for the second timeThree-five family price trend indicators surged year over year as sales declined for the first time in three yearsThe average sales sizes of two and three to five-family houses were the largest on recordThe market share of townhouse sales as compared to total residential apartment sales remained just above two percent.

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