Market Update: Q4 2022 Report - Manhattan

Page 1

©2023 UMRO Realty Corp., dba The Agency®. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description. Figures in this report are based on publicly reported data from Automated City Register Information System (ACRIS). Cal
MARKET UPDATE SALES AVERAGE PRICE PER SF CONTRACTS SIGNED NUMBER OF NEW LISTINGS MEDIAN LISTED PRICE TOTAL INVENTORY Q4 2022 Q4 2021 Q4 2021 Q4 2021 Q4 2021 Q4 2021 Q4 2021 Q3 2022 Q3 2022 Q3 2022 Q3 2022 Q3 2022 Q3 2022 Q4 2022 Q4 2022 Q4 2022 Q4 2022 Q4 2022 Q4 2022 2,932 $1,630 3,350 3,164 $1,327,866 14,811 Year over Year Year over Year Year over Year Year over Year Year over Year Year over Year Quarter over Quarter Quarter over Quarter Quarter over Quarter Quarter over Quarter Quarter over Quarter Quarter over Quarter 3,256 $1,679 2,098 3,309 $1,367,653 15,550 2,503 $1,696 1,873 2,244 $1,433,374 13,548 In Q4, Manhattan sales were down 23% from the previous quarter, with 2,503 total sales compared to 3,256 in Q2. There were 32% fewer new listings on the market in Q4, down 29% from the same
last year.
were 1,873 new contracts signed, which was a 11% decrease from Q3. Inventory continues to remain low; down
quarter and 9% year-over-year. The median listed price was $1,433,374 up 5%
up 8% compared to Q4 2021.  15%  4%  44%  29%  8%  9%  23%  1%  11%  32%  5%  13%
#01904054 MANHATTAN
time
There
13% quarter-over-
compared to the previous quarter and
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.