Manhattan Monthly Market Snapshot
November 2023
Cooperatives
Average List Price
$1,361,160
2.03% Change
From Prior Month
5.84% Change
From Prior Year
Total Inventory (Supply)
4,732
6.07% Change
From Prior Month
-4.87% Change
From Prior Year
Average Price Per Sq. Ft.
$1,119
-0.18% Change
From Prior Month
2.85% Change
From Prior Year
Contracts Signed
426
37.86% Change
From Prior Month
0.24% Change
From Prior Year
Properties Sold
410
3.80% Change
From Prior Month
-18.97% Change
From Prior Year
New Listings
649
-32.11% Change
From Prior Month
1.72% Change
From Prior Year
Condominiums
Average List Price
$3,056,045
0.80% Change
From Prior Month
-2.52% Change
From Prior Year
Total Inventory (Supply)
4,276
-0.65% Change
From Prior Month
-6.74% Change
From Prior Year
Average Price Per Sq. Ft.
$1,910
-0.42% Change
From Prior Month
-3.39% Change
From Prior Year
Contracts Signed
265
22.69% Change
From Prior Month
5.58% Change
From Prior Year
Properties Sold
217
-23.86% Change
From Prior Month
-41.51% Change
From Prior Year
New Listings
505
-30.73% Change
From Prior Month
-3.26% Change
From Prior Year
Rentals
Average Monthly Rent
$5,554
-2.89% Change
From Prior Month
-0.95% Change
From Prior Year
Average Rent Per Sq. Ft.
$79
-2.47% Change
From Prior Month
Rental Inventory
11,053
-7.16% Change
From Prior Month
16.96% Change
From Prior Year
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice.
NEW TESTIMONIAL
“I consider myself incredibly fortunate to have had the opportunity to work with Beau, who came highly recommended by a friend in the mortgage industry. My experience with him as a real estate agent was truly exceptional, exceeding all expectations...He skillfully managed every aspect of the process, from staging to coordinating showings to liaising with the building's management company. His profound knowledge of the area and his adept understanding of the market, especially in the face of high-interest rates, proved invaluable.
It's important to note that there were two apartments in my building that had languished on the market for over a year with no success. In stark contrast, Beau attracted offers within just a few weeks, and the momentum never waned. He even went the extra mile by assisting the buyer's agent with the board package to ensure it was handled correctly.
As the closing date approached, Beau meticulously ensured that everything was in perfect order for the final walkthrough, despite my inability to be there in person due to my health. His constant communication provided me with regular updates on the progress of the transaction, which was both reassuring and greatly appreciated.
With 18 years of experience in the mortgage industry, I've heard my fair share of horror stories about real estate agents. However, my experience with Beau couldn't have been further from that. If you find yourself looking to sell your home in a challenging market with fierce competition, consider yourself fortunate to have Beau Nova by your side. I've already referred him to a friend, and I wholeheartedly recommend him to any friend or family member in need of an outstanding realtor.
Beau is unquestionably at the pinnacle of his profession."
-Robert Altamore









