The Real Estate Board of New York, the largest trade group in New York City, reported today that the average sales price for cooperatives, condominiums and single-family to three-family homes across the five boroughs dipped 10 percent in the fourth quarter compared to the same quarter last year.

The average sales price of New York City apartments — including co-ops and condos — dipped 4 percent year-over-year in the fourth quarter, while the average price of single-family, two-family and three-family homes dropped 13 percent to $548,000 and the average sales price of co-ops rose 10 percent to $602,000, according to REBNY.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top