No Surprises In Manhattan Real Estate Poll

A survey of Q3 sales by real estate firm Prudential Douglas Elliman finds that thr same old trends are continuing to shape the Manhattan real estate market: declining inventory and rising prices. The average condo sale in Manhattan now stands at a record of more than $1.6 million. In related news of the obvious, water is still wet and the sky is very, very blue.

"With the average sales price of a Manhattan condo reaching new heights, we can attest that there's only one Big Apple, and that's New York City," says Dottie Herman, President and CEO, Prudential Douglas Elliman. "Real estate in Manhattan continues to be a strong investment for national and international buyers."

More [here].