Manhattan Housing Market 2020: Prices, Trends & Investment

Abstract

Manhattan housing market 2020 is shaping up to continue the trend of the last few years as one of the strongest markets in the United States. Manhattan home values have declined by -7.5% over the past year and their real estate market forecast is that the prices will continue to fall by -4.4% within the next year. In the past month, 49 homes have been sold. There are 16,432 rental properties. There were also 14432 condos, 19 townhouses and 39 multi-family units. The new listings are 8.2 million. The asking price in New York City is $1,432 properties in Manhattan. In October 2019, the new listings is 8.3 million. A seller would always prefer scenarios which can yield a ratio of 100% or higher. The percent of Manhattan homeowners underwater on their mortgage is 9.7%, which is higher than New York at 6.7%. If you are looking to buy real estate in Manhattan to Invest in Manhattan, you should know the best places to invest in.