The average Manhattan apartment sold between 2010 and 2019 was just under 1,135 square feet, the smallest in more than three decades, according to Miller Samuel’s 10-year report on the Manhattan sales market.

Median sales prices for studio apartments rose by about 23 percent over the 10-year period, while spacious four-bedrooms saw median prices slide by about 3 percent. Sale prices for one- and two-bedroom apartments also grew over the decade, by 32.5 percent and 28 percent, respectively. 

Overall, the median sales price grew by 24 percent to just over $1 million.

Sales volume by dollar amount grew over the decade by nearly 32 percent, from $14.6 billion in 2010 to $19.3 billion in 2019.

Condos and co-ops sold faster in 2019 than in 2010, as they spent an average of 101 days on the market, down from 119.

And, finally, listing inventory in 2019 was down more than 8 percent from the start of the decade. Last year, Miller logged 6,643 property listings compared with 7,232 in 2010. 

 (source: The Real Deal)