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Elliman Report: Manhattan Townhouse 2007-2016

Price trend indicators for the Manhattan townhouse market fell from prior year records as sales edged higher. The median sales price declined 5.3% to $4,970,000 from the $5,250,00 record set in 2015. Average price per square foot declined 8.1% to $1,592 and average sales price declined 9% to $6,282,665 respectively from the prior year. One of the more pronounced changes in the market was the expanded negotiability and longer marketing times seen for sales that closed during the year…

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Housing Notes by Jonathan Miller

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