Low inventory coupled with an increase in home and condo sales volume typically bodes well for a market’s median price, with records often set. This holds true for Manhattan, which saw its median price rise to $995,000 to $1.04 million during the third quarter of 2015 (Q3) — depending on which report you look at.
- Living in Manhattan isn't getting any cheaper.
- The area saw its median price for a single-family home or condo rise to between $995,000 and $1.04 million during the third quarter.
- Properties trading quicker than ever has played a part in depleting the borough's available inventory to 6,366 properties -- a 10-year low.
LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.