Manhattan 2020 Q3 Market Report

It's no secret that the last few months have been challenging for Manhattan real estate. The pandemic initially made heavily-populated urban areas less attractive to buyers, and Manhattan was no exception. Although the Manhattan 2020 Q3 report shows third-quarter year-over-year sales down 36%, there were still bright spots. Ultra-luxury homes, $3-5M units, and 1+ bedroom units saw increased activity. Work from home orders and quarantines have prompted buyers to look for larger spaces- whether that be in spacious, ultra-luxury homes or simply by getting a unit with more bedrooms. 

Manhattan Market Data

Another indicator to watch is the 45% increase in new listings. This could be a sign of the market's resilience, showing sellers are confident that the market will come back. 


For more details, click on the image below for the Manhattan 2020 Q3 Market Report

Manhattan 2020 Q3