market Archives - Page 11 of 11 - Rava Realty

Manhattan Rental Market

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After a prolonged period of declines, the Manhattan rental market finally started to pick up in January with the median rent price that increased 5.7% to $3,320 year over year (YoY), even though the volume of new leases fell by 4.9% YoY. This normally means that more renewals of existing leases are happening. The vacancy rate also went down to 1.65% from 1.98% a year ago, another good sign for landlords. And the share of apartments offered with ...

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South Florida Market Stats

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Miami-Dade: residential sales in the third quarter rose 15.2 percent, year-over-year, to 6,792 in Miami-Dade County, the highest surge of all three counties. Condo sales increased 16.7 percent to 3,524, and single-family home sales jumped 13.7 percent to 3,268. Sales volume totaled $3.1 billion, up 24 percent from $2.5 billion during the same quarter of last year. The third quarter of 2017 was slow due to the impact of Hurricane Irma, which could explain why sales experienced double-digit growth.The median ...

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