#manhattan-real-estate

#manhattan-real-estate

Sales closed at a greater clip than listings hit the market, marking the third consecutive quarter where transactions outpaced inventory. It's not blazing, but the market is slowly getting faster, said report author Jonathan Miller. Buyers and sellers notched 3,100 deals in the third quarter, marking a 13 percent uptick from the same period last year. During the same time frame, the number of active listings rose 7 percent from roughly 7,200 to 7,700.

For under a million dollars, one can find all sorts of housing configurations: park- and subway-adjacent studios, one-bedrooms hidden in carriage houses or former shoe factories, and even the occasional true two-bedroom. We're combing the market for particularly spacious, nicely renovated, or otherwise worth-a-look apartments at various six-digit price points. This week, we've got a converted studio on the Upper East Side with a wall of oversize windows and a one-bedroom across the street from Prospect Park with a deeded parking spot.

The average rent in Manhattan surged 7% year over year to an all-time high of $5,450, marking the seventh consecutive month of price increases.