![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Zillow Group Inc | NASDAQ:Z | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
2.03 | 3.92% | 53.665 | 53.65 | 53.68 | 53.93 | 51.88 | 52.00 | 2,234,441 | 17:35:55 |
NEW YORK, April 28, 2017 /PRNewswire/ -- Rents in both Manhattan and Brooklyn continued to decline as new construction saturated the market, according to the Q1 2017 StreetEasy® Market Reportsi.
"A surge in new construction, particularly at the high end of the market, has had a ripple effect throughout the market and pushed down rents across the city, particularly in Brooklyn," said StreetEasy Senior Economist Grant Long. "Renters planning on signing a new lease this year are likely to have more negotiating power as competition starts picking up among new buildings vying for the attention of prospective tenants.
"On the for-sale side, homes spent a bit longer on the market than usual in Q1, but this will likely fall as we get into peak home shopping season this summer," Long added. "If you're looking to buy this year, expect strong competition throughout Manhattan and Brooklyn, especially in more affordable areas that are attractive for first-time buyers."
Q1 2017 Key Findings - Manhattan
Q1 2017 Key Findings - Brooklyn
The complete StreetEasy Market Reports for Manhattan and Brooklyn with additional analysis, neighborhood data and graphics can be viewed at streeteasy.com/blog/market-reports.
Region |
March 2017 |
Annual |
March 2017 |
Annual |
|
$987,997 |
1.1% |
$3,199 |
-1.0% |
Downtown |
$1,206,675 |
0.3% |
$3,610 |
-0.9% |
Midtown |
$852,068 |
-0.2% |
$3,276 |
-2.6% |
Upper West Side |
$1,081,744 |
1.5% |
$3,084 |
-1.7% |
Upper East Side |
$1,001,145 |
1.8% |
$2,694 |
-0.3% |
Upper Manhattan |
$658,393 |
6.5% |
$2,397 |
3.2% |
|
$578,290 |
5.9% |
$2,771 |
-4.2% |
North Brooklyn |
$865,804 |
-4.7% |
$2,873 |
-9.6% |
Northwest Brooklyn |
$857,042 |
3.4% |
$3,012 |
-2.6% |
Prospect Park |
$832,574 |
11.7% |
$2,709 |
-4.7% |
South Brooklyn |
$435,068 |
7.0% |
$1,719 |
1.7% |
East Brooklyn |
$493,612 |
9.1% |
$2,477 |
3.6% |
About StreetEasy
StreetEasy is New York City's leading local real estate marketplace on mobile and the web, providing accurate and comprehensive for-sale and for-rent listings from hundreds of real estate brokerages throughout New York City and the major NYC metropolitan area. StreetEasy adds layers of proprietary data and useful search tools to help home shoppers and real estate professionals navigate the complex real estate markets within the five boroughs of New York City, as well as Northern New Jersey and the Hamptons.
Launched in 2006, StreetEasy is based in the Flatiron neighborhood of Manhattan. StreetEasy is owned and operated by Zillow Group (NASDAQ: Z and ZG).
StreetEasy is a registered trademark of Zillow, Inc.
i The StreetEasy Market Reports are a monthly overview of the Manhattan and Brooklyn sales and rental markets. Every three months, a quarterly analysis is published. The report data is aggregated from public recorded sales and listings data from real estate brokerages that provide comprehensive coverage of Manhattan and Brooklyn, with most metrics dating back to 1995 in Manhattan and 2005 in Brooklyn. The reports are compiled by the StreetEasy Research team. For more information, visit http://streeteasy.com/blog/market-reports/. StreetEasy tracks data for all five boroughs within New York City, but currently only produces reports for Manhattan and Brooklyn.
ii Similar to the StreetEasy Price Indices, median rents are measured by the StreetEasy Rent Indices. By including only valid and verified listings from StreetEasy and employing a repeat rentals approach, the indices emphasize the changes in rent on individual properties and not between different sets of properties. Full methodology here: http://streeteasy.com/blog/methodology-streeteasy-rent-indices/
iii Median resale price is measured by the StreetEasy Price Indices, monthly indices that track changes in resale prices of condo, co-op, and townhouse units. Each index uses a repeat-sales method of comparing the sales prices of the same properties since January 1995 in Manhattan and January 2005 in Brooklyn. Given this methodology, each index accurately captures the change in home prices by controlling for the varying composition of homes sold in a given month. Data on sales of homes is sourced from the New York City Department of Finance. Full methodology here: http://streeteasy.com/blog/methodology-streeteasy-price-indices/
iv Time on market is measured as the numbers of days from the original listing on StreetEasy to when it enters contract.
v Rental inventory data is based on rental listings of condos, co-ops, townhouses and single-family homes available on StreetEasy.
vi Sale inventory data is based on sales listings of condos, co-ops, townhouses and single-family homes available on StreetEasy.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-construction-easing-rental-pressure-in-manhattan-and-brooklyn-300447396.html
SOURCE StreetEasy
Copyright 2017 PR Newswire
1 Year Zillow Chart |
1 Month Zillow Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions