Manhattan Q3 market numbers / why can’t we all just get along?


One of the irritating things about trying to track
Manhattan residential real estate is how hard it is to get data. Once again, the major firms’ quarterly market reports illustrate this problem.

THX to Brad Inman’s blog for the chart

There are very significant differences in reporting here about what is – in reality but not in reporting – a single market. Compare the percent-change numbers for transactions between Miller Samuel and Corcoran – 66% vs. 20% shows different worlds. The percent-change in average sales prices are all over the map.


But each speaks confidently, without acknowledging that others have different data sets. One more indication that the
Manhattan residential industry is way behind the rest of the country. And still very immature.

© Sandy Mattingly 2007
Tagged with: ,

Leave a Reply