2017: The Year The 2015 Manhattan Market Shift Became Conventional Wisdom

Sourced From: http://www.millersamuel.com/2017-the-year-the-2015-manhattan-market-shift-became-conventional-wisdom/

After controlling the Manhattan housing market for quite a while, sellers and landlords reversed roles circa 2015.

After peaking in 3Q 2015, the market share of bidding wars fell by two thirds. Bidding wars remain more common at lower price points. After bottoming in the 3Q 2015, the market share of rentals with landlord concessions has expanded sharply due to …

Sourced From: http://www.millersamuel.com/2017-the-year-the-2015-manhattan-market-shift-became-conventional-wisdom/

After controlling the Manhattan housing market for quite a while, sellers and landlords reversed roles circa 2015.

After peaking in 3Q 2015, the market share of bidding wars fell by two thirds. Bidding wars remain more common at lower price points. After bottoming in the 3Q 2015, the market share of rentals with landlord concessions has expanded sharply due to …

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