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4Q - 2019 Manhattan Sales

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Report Summary

Year over year sales in the Manhattan market below the $5 million threshold edged higher while sales at or above the threshold fell sharply. Median sales price remained unchanged year over year as average sales price continued to decline. With the sharp drop in mortgage rates, this quarter had the lowest overall share of quarterly cash buyers in five years of recording. Four of ten luxury sales were new development versus six out of ten three years ago.

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575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2020 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727