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The second quarter of 2015 saw a 27% increase in sales as well as a 20% increase in inventory since the first quarter. The new development market is continuing to grow, adding to the overall listing inventory, which has increased 12% year-over-year. Even though inventory is increasing, the absorption rate is low – ┬áthere is only a 4.1 month supply of apartments on the market (6-9 month supply represents a stable market).

Take a look at our breakdown of New York City’s second quarter performance for more information on the current state of the real estate market.

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