Condo sale prices experience largest monthly drop in more than three years

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StreetEasy reportJune 3, 2014- StreetEasy has a report out that shows:

  • Manhattan condo sale prices declined 1.4 percent in April, the largest monthly decline in 3.5 years, according to the StreetEasy Condo Price Index
  • According to the new StreetEasy Condo Price Forecast, condo prices are expected to stay essentially flat through the spring selling season, increasing 0.1 percent in May.
  • Pending sales, or homes that entered into contract, decreased 3.2 percent after rising in Feb. and March. Pending sales are down 13.7 percent compared to April 2013 levels.
  • Manhattan inventory increased 3.6 percent on a monthly basis, the fourth consecutive month of inventory increases. Nearly half of available condos for sale were priced above $1.9 million.


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