Looking at the Manhattan residential market from fourth-quarter 2023 to the fourth quarter in 2024, the median sales price fell by 4 percent, after rising 5.1 percent the previous year.
The number of sales increased by 3.7 percent, nearly making up for the 5.5 percent drop in 2023.
Listing inventory shrank in Manhattan by 3.9 percent in 2024, coming on the heels of a 1.7 percent drop in 2023.
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