Inventory Levels Provide Clues for 4Q

We examine the Manhattan real estate market for the third quarter. While it is apparent prices rose, recent headlines regarding the stock market and the economy may have some thinking this may change shortly. We don’t expect this to be the case.

The quarter, which spans the summer, is an important one. The nice weather and rush to move before the start of the new school season are on buyers’ minds. Although the past is not necessarily a prelude to the future, we cull the important data in order to predict where the heady borough’s real estate market is heading.

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