The third quarter report is out:
Manhattan housing prices continued to rise despite more listings being added to the market. Nearly half of all apartment sales went for full asking price or above asking price, the most in five years. Sales volume fell short of prior year records, but has remained high. Luxury prices rose faster than the overall market and new development activity continued to increase. Mortgage rates remained low, demand from foreign investors remained high and employment has grown quickly. Based on current conditions, we anticipate a strong market going into the new year.