The price tags are a new record, the report says, with average sales prices now hovering at $668,105 for a co-op and $1.04 million for a condo Overall, cooperative and condo going rates are rising by 31% and 53% respectively.
"It's still a seller's market," says Elliman COO and managing director Paul Purcell. "In fact, average sales prices have accelerated at increases not seen in the past 10 years.
"Because of the strong demand," he continues, "the average discount from list price is minimal, holding at just 1.7%."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
