Real Estate Market Report

Manhattan Residential Real Estate Market ($199; $99 for return buyers)

Our new Manhattan real estate report is now available. Contact us to obtain a copy.

Since 2002 we have published an annual economic review of Manhattan residential real estate that looks at the fundamentals driving the market, including personal income, population growth and interest rates. We use price data from Miller Samuel, New York’s largest real estate appraiser, that extend back to 1982 and are expressed on a per square foot basis, which gives a better basis for comparison.

We use these data to forecast future price movements.

Prices are falling in other U.S. markets and the situation in Manhattan is increasingly unclear. Confidence and psychology are important factors and today Manhattan's market looks to be at a balance point. Nationwide the housing market is very weak and in some markets prices are falling fast. In Manhattan prices have run up very strongly over the last seven years or so, greatly outstripping personal income gains, and many believe prices must fall to bring them in line. Our analysis takes a 25-year view, as well as compares today's situation with the last peak in 1987, and gives a different perspective.

Over the years our report and our forecasts have been widely featured in the press, including The New York Times, Crain’s, New York Observer and The Financial Times.