Despite doubling mortgage rates in the Manhattan co-op and condo sales market, sales only slipped, and listing inventory rose nominally higher. Robust sales momentum in 2021 enabled sales to reach their second-highest total on record. Median sales price reached its highest level on record as average sales price reached its second-highest. Listing inventory edged higher but was consistent with the two-decade average. By bedroom, the median sales price rose annually across all sizes, with four+ bedrooms seeing the most growth. Sales expanded annually by bedrooms except for studios and two bedrooms. Listing inventory by bedroom expanded annually by size except for studios.
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