Manhattan Condo Inventory, Prices Up

New YorkThe Manhattan condo market saw a spike in the number of available units and prices in July, according to a real estate report released Thursday.

StreetEasy’s report said the despite the 5.4% growth of inventory between July 2013 and this year, the number of available units is 16.2% below the five-year average level of inventory. Costs are now at a nineteen year high.

The median sales price in July was close to $1.4 million, a 14.4% jump from the $1.2 million median price during the same period last year.

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Authored By Ivan Pereira – See the Full Story at AM NY

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