Manhattan Real Estate Market Update June 2018
Real Estate In Manhattan is a sellers’ market with low inventory of homes in Manhattan and a lot of buyer interest. There is a 4.37 months supply of inventory on the market in Manhattan on June 30, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Manhattan last month was 42 days.
It took on average 29 days to sell Manhattan Condo, Townhouse or a Duplex.
The number of home sales in Manhattan from May 1, 2018 through May 31, 2018 was 27 units. That is 1% above the number of homes sold last month in Manhattan.
The average price per square foot in the area is now $98/Sq.Ft, which is 8% a decline from last month.
In Manhattan there were 9 units sold in May in the price range between $107,000 – $176,048 with an average of 2.9 bedrooms and 1.4 bathrooms and average Square footage of 1,621SF.
In Manhattan there were 16 units sold in May in the price range between $176,049 – $422,497 with an average of 3.5 bedrooms and 2.1 bathrooms and average Square footage of 2,303SF.
In Manhattan there were 2 units sold in May in the price range between $422,498 – $599,900 with an average of 3.5 bedrooms and 2.6 bathrooms and average Square footage of 3,156SF.
The low price range had the most activity. Homes up to $176,048 were on the market on average 61 days and sold an average of $152,555.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Manhattan. Search all Manhattan homes for Sale on propertyup.com If you are considering viewing Manhattan, you may want to do so now!
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