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Trends from last quarter:
- Sales Prices Reach an All-Time High. The median Manhattan sale price increased significantly this quarter to $1.100M, up 16% from last year and 10% from last quarter – to its highest level ever.
- More Inventory on the Market. Overall inventory reached 5,060 units during the fourth quarter, a 5% increase from last quarter and a significant 14% increase from last year.
- New Development Sales Were Strong. New development sales during Fourth Quarter 2015 increased a notable 67% from last year and 39% from last quarter – to more than 800 units.
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