MANHATTAN HOUSEHUNTERS CAN EXPECT BETTER ODDS IN 2016, BROKERS SAY
Douglas Elliman Real Estate | January 05, 2016
The year for Manhattan apartment sales seemed to end on a high note, as prices set new records across the board in the fourth quarter. But as inventory began to expand a bit, many real estate experts predict that 2016 will be a better year for price-conscious buyers. Manhattan’s median sales price — representing the market’s midpoint — hit a record $1.15million, marking a 17 percent jump from the year before and shattering the previous pre-Lehman highof $1.025 set in 2008, according to the report released Tuesday from Douglas Elliman.