New National Housing Numbers Strong. But Should Manhattan Care?

New federal figures show that new home prices and sales nationwide were stronger going into the winter. The median home price nationally was (are you ready for this, New Yorkers?) $251,700 in November, up from $248,500 in October. New homes sold at an annual pace of 1.05 million in November, above the 1.01-million pace in October.

What do these rosy numbers mean for New York City? Very little.

But perhaps the strength is a preview of reports to come: Brokerages are expected to release fourth-quarter Manhattan housing market reports early next week.

– Tom Acitelli