# Selling an apartment in Manhattan? Get ready for a long journey
** Market research examined various indices including time spent in the market, and determined that properties in Manhattan stay the longest, perhaps because of their high price **
It takes time to sell an apartment in Manhattan these days. In Brooklyn and Queens properties are sold in about half the time. Median is a statistical measure that is half of the data above and half below it.
And the escape from New York City’s most expensive borough — along with the continued shutdown of office towers, theaters, and restaurants — made it difficult to find homebuyers in most Manhattan areas.
In Tribeca, apartments that changed hands in the fourth quarter stayed in the market for 138 days, according to StreetEasy data.
It also turns out that it took 100 days to sell apartments on the Upper East Side, and 175 days in the city center (Midtown), the land of expensive apartments.
This is a different story in the outer quarters.
In the Park Slope neighborhood of Brooklyn, the median marketing time was 57 days, while the Borough Park properties in the Jewish neighborhood were displayed for 61 days before finding buyers.
In Queens, the Sunside neighborhood saw homes vacant in a 63-day median. And Woodhaven had a very fast rate across the boroughs, with 47 days.
“Manhattan is moving to the outer quarters, and people in the outer quarters,” said Nancy Woo, an economist at StreetEasy.
“They can do it now,” she said, referring to the corona virus that brought a lot of turmoil to the New York real estate market.
But it seems that most of the damage at the moment is in the field of commercial real estate, ie, shops and offices.
The field of construction is expected to receive an update from this trend, but another vision for the future. When it comes to restaurants there is still a lot to do with the visible.
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