Manhattan - Market Report Shows Sales Have Been Rising

Prudential Douglas Elliman has just released Market Report of Manhattan Sales 2Q 2011, the leading resource on the state of the Manhattan co-op and condo market. These reports are produced in conjunction with Miller Samuel which provide the most comprehensive and neutral market insight.

The Market Report shows that Sales of Manhattan co-ops and condos have been rising since the beginning of the year consistent with seasonal expectations. The amount of active listings slipped over the past year and housing prices continued to show stability. Relative to other housing markets across the country, Manhattan continues to be one of the best performing markets to date. While our regional economy is showing a slow pace of improvement, we anticipate the Manhattan housing market to follow the same trend for the remainder of 2011.

If you like to see more detail, please send me an email at diana.wu@elliman.com. I will email you the report as attachment.