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We have just released," the leading resource on the state of the Manhattan sales market. As always, our market reports are produced in conjunction with Miller Samuel to provide you and your clients with the most comprehensive and neutral market insight available.

 

While Manhattan sales did not keep up with the high levels experienced last year, activity remained well above long term averages.  Re-sale housing prices showed modest increases while the market share of bidding wars slowed from last year’s record to more sustainable conditions.

 

At Douglas Elliman, we are constantly looking for ways to provide our clients with better information, empowering them to make more informed decisions. Our efforts to create this market report series reflect our strong belief that access to timely information is a vital resource in a market that is constantly changing. Committed to providing the best information in the industry, we are proud to offer this service to our clients. Explore our full market report series covering Manhattan, Brooklyn, Queens, Northwest Queens, Long Island, The Hamptons, North Fork, Westchester, Putnam & Dutchess Counties, Fairfield County, Greenwich, Miami, Boca Raton, Fort Lauderdale, Palm Beach, Los Angeles and Aspen at http://www.elliman.com/marketreports 

3rd Quarter Residential Market report for New York City- #TheZwebenTeam

Warmest regards,

Dottie Herman

President and CEO, Douglas Elliman

 

*Visit  http://www.elliman.com to search more than 247,300 listings and access all of our current market reports.

 

www.thezwebenteam.com

 

Paul Zweben
Douglas Elliman Real Estate
DIRECT: 212.769.9807
OFFICE: 212.362.9600
MOBILE: 917.653.5749
PZWEBEN@elliman.com
1995 Broadway, New York, NY 10023
Your slice of NYC!
Your slice of NYC!

 

The Manhattan market continues to be one of the better performing housing markets in the country, despite the turmoil we read about every day. Housing prices showed continued stability this quarter consistent with the past several years. Condo sales activity benefited from an increase in demand as foreign buyers took advantage of the weak US Dollar, while entry-level sales increased as buyers took advantage of falling mortgage rates. Although we will continue to face economic challenges going forward, we anticipate continued seasonal stability through the end of the year.

 

An amazing chefs kitchen with a sick nyc view!
An amazing chefs kitchen with a sick nyc view!

Here is the full third quarter report from Prudential Douglas Elliman:

http://assets.prudentialelliman.com/NYCPhotos/retail_reports/Manhattan_Q3_2011.pdf

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