{"id":83,"date":"2009-01-16T17:16:16","date_gmt":"2009-01-16T21:16:16","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=83"},"modified":"2013-01-24T11:13:08","modified_gmt":"2013-01-24T15:13:08","slug":"fourth-quarter-2008-manhattan-residential-sales","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2009\/01\/16\/fourth-quarter-2008-manhattan-residential-sales\/","title":{"rendered":"Fourth Quarter 2008 Manhattan Residential Sales"},"content":{"rendered":"<p style=\"text-align: left;\">In conjunction with the the <a href=\"http:\/\/www.corcoran.com\" target=\"_blank\">Corcoran Group<\/a>, PropertyShark.com recently released the Fourth Quarter 2008 Manhattan Residential Sales report.<\/p>\n<p style=\"text-align: left;\">(You can download the full report from <a href=\"http:\/\/propertyshark.com\/mason\/nyc\/home_buyer_resources.html\" target=\"_blank\">http:\/\/propertyshark.com\/mason\/nyc\/home_buyer_resources.html<\/a>)<\/p>\n<p>Key points taken from the report:<\/p>\n<ul>\n<li>At least 40% fewer sales traded versus the same quarter a year ago. However, the median price still grew by 3% and average price per square foot grew by 5%, largely due to the new development market. The resale market saw median price fall 4% and average price per square foot remain the same.<\/li>\n<li>In just a year, inventory has increased by nearly one-third. In December, inventory experienced a marginal decline as some for-sale units were pulled off the market by sellers. In response to the increased inventory, sellers were compelled to readjust their price expectations. (To see the inventory, you can browse a comprehensive list of Manhattan properties for sale at https:\/\/www.propertyshark.com\/mason\/RFS\/listings.html)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In conjunction with the the Corcoran Group, PropertyShark.com recently released the Fourth Quarter 2008 Manhattan Residential Sales report.<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89],"tags":[37,33,34,35,38,36,25,39,32],"class_list":["post-83","post","type-post","status-publish","format-standard","hentry","category-manhattan-real-estate","tag-corcoran","tag-for-sale","tag-manhattan-condo","tag-manhattan-coop","tag-manhattan-residential-sales","tag-manhattan-townhouse","tag-new-york-city","tag-q408","tag-residential-properties"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2009\/01\/16\/fourth-quarter-2008-manhattan-residential-sales\/","og_locale":"en_US","og_type":"article","og_title":"Fourth Quarter 2008 Manhattan Residential Sales","og_description":"In conjunction with the the Corcoran Group, PropertyShark.com recently released the Fourth Quarter 2008 Manhattan Residential Sales report.","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2009\/01\/16\/fourth-quarter-2008-manhattan-residential-sales\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2009-01-16T21:16:16+00:00","article_modified_time":"2013-01-24T15:13:08+00:00","author":"Roxana Baiceanu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Roxana Baiceanu","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2009\/01\/16\/fourth-quarter-2008-manhattan-residential-sales\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2009\/01\/16\/fourth-quarter-2008-manhattan-residential-sales\/","name":"Fourth Quarter 2008 Manhattan Residential Sales - 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