Corcoran’s November Market Snapshot for Sales

 Recently we posted about the Rental state of Manhattan.  Corcoran just released their report on Condos and Coops. 

Topline:

–  Inventory is down from October 6% for both Condo’s and Coops, but while there are 6% fewer Condos than  a year ago, Coop inventory is actually up 15%.

–  All in all apartments are spending about 15% less time on the market than last month or a year ago.

–  Median sale price for a Condo is around $1,080,000 and $725,000 for a Coop