2nd Quarter 2015 Manhattan Residential Market Report

July 5th, 2015

Manhattan apartment prices averaged $1,809,146 in the second quarter, down slightly from the first quarter’s record level, but 8% more than a year ago. The median price also fell slightly from the prior quarter, but was 6% higher than the second quarter of 2014.

Cooperative Average Sale Price
The average cooperative sales price rose 11% over the past year to $1,360,013. All sizes of co-ops posted an increase in their average price compared to 2014’s second quarter.
Condominium Average Sale Price
Condominiums saw prices increase for all size categories over the past year, led by a 13% gain in the average price for studios. At $2,439,669, the overall average price was 8% higher than the second quarter of 2014.