Q1 Archives - Rava Realty

Manhattan Sales Market Report Q1 2022

Posted by:

We reached a record-breaking number of closed sales3,585 to be exact, the highest registered in thirty-three years; up +45.9% year over year and +48.9% from pre-pandemic levels.

Listing inventory (the number of available properties on the market) declined 4.4% to 6,906. A decline that has been going on for several quarters. As the market returned to seasonality, the excess demand overpowering listing inventory was partially offset by the seasonal rise in ...

Continue Reading →
0