[Flat Is The New Black] 4Q 2010 Manhattan Market Overview Available For Download

Posted by Jonathan J. Miller -Tuesday, January 4, 2011, 8:16 AM
3 Comments

[click to open report]

The 4Q 2010 Manhattan Market Overview was published today. It is part of a report series that we have authored for Prudential Douglas Elliman since 1994. Media coverage will be updated here.

You can view the updated Manhattan chart gallery and build your own custom data tables.

Here’s an excerpt from the report:

…There were 2,295 sales in the fourth quarter, 7.2% below 2,473 sales in the same period last year and 13.8% below the 2,661 sales of the prior quarter. However, the comparison to the same period last year is a comparison to a quarter that represented the largest fourth quarter market share of sales activity in more than 20 years. When comparing the 13.8% decline in sales from the third to fourth quarter, the change exceeded the 20-year 7.5% average decline. Fourth quarter listing inventory increased 5.6% to 7,232 from 6,851 in the prior year quarter—the same quarter that had the record surge in sales that worked off excess inventory during that period. The fourth quarter inventory total was 11% below 8,123 in the prior quarter. The decline was greater than the 3.4% average decline over the past decade, suggesting the new year will begin with a modest level of inventory entering into one of the seasonally highest sales periods of the year…

Here’s a quick summary on my podcast:

Other reports we prepare can be found here.

4Q 2010 Manhattan Market Overview [Miller Samuel]
Manhattan housing market chart gallery [Miller Samuel]
Manhattan custom data tables [Miller Samuel]
4Q 2010 Manhattan Market Overview Podcast [The Housing Helix]

3 Responses to “[Flat Is The New Black] 4Q 2010 Manhattan Market Overview Available For Download”

1. Mark Jacobs says:

   January 6, 2011 at 3:38 PM

   Great information, The reports are some of the best I have seen.
2. The Big Apple: Luxury units dominate new reports « says:

   January 7, 2011 at 5:11 AM

   [...] Miller, who recorded a podcast expounding on his analysis, noted on his blog that the decline in sales from the third to fourth quarter exceeded the 20-year 7.5 percent average [...]
3. Barrie Real Estate says:

   January 18, 2011 at 3:31 AM

   Based in the overview, 2010’s market was slow compared to 2009. Declines on market sales are not only in Manhattan. The market sales decline can also be observed in other countries, it was almost all over the world.