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Manhattan Residential Market Sets New Records

The median sale price of a condo-co-op in Manhattan rose 3.6% to $1.14 million in 2017, a new record.

By John Jordan | Updated on February 01, 2018

Photo of Steven James James says “the co-op and condo market showed strength” in 2017.

NEW YORK CITY—The condominium/cooperative housing market in Manhattan posted record sale prices in 2017 and even sales activity, which had been on a downward spiral the past three years, increased 4.1% as compared to 2016 sales volume.

Residential brokerage firm Douglas Elliman released Thursday sales reports on the condo-co-op markets, as well as the niche townhouse sales market in 2017. The firm also released comparative statistics on the Manhattan residential market for the past decade.

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