Mitchell, Maxwell & Jackson, Inc.

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For The Week
Ending 07/25/2008
Manhattan
Purchase Index: 20
Was: 26

23%
52 Week High: 172
52 Week Low: 44

For The Week
Ending 07/25/2008
Manhattan
Refinance Index: 13
Was: 12

8%
52 Week High: 84
52 Week Low: 9

For The Week
Ending 07/25/2008
30-Year Fixed Rate
At: 6.46%
Previous Week: 6.59%

52 Week High: 6.86%
52 Week Low: 5.98%

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Market Measure Residential Real Estate Report
4th Quarter 2005 Market Measure

For an full version of this report in a PDF format, please click here.

4th Quarter Average Price Up 3.6%
The average apartment sale price reversed direction in 4Q05, posting a 3.6% quarterly increase. The average apartment price rose to $1,128,500 compared to $1,090,000 in 3Q05. The rise in average sale price represented a 22% increase over the 4th quarter of 2004.

Sales Volume Held Steady
During the fourth quarter, the MMJ Sales Volume Index went virtually unchanged from third-quarter's levels.

Inventories Are On The Rise
Available inventories listed for sale continue to rise, hitting an estimated 8,675 listings, up 26% from third-quarter's level. This shift is giving buyers more say and time in their decision to purchase. On the other hand, with a large pipeline of new supply coming on the market in 2006, prices could come under pressure. We will be watching this closely.

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