Curious how median rents and sale prices have changed over time?

Here’s one simple chart, based on one of the leading data sources, that shows the trend over time for median sales prices and median rent prices in Manhattan. For buyers, the median price continues to gradually decrease, but for renters, the trend is not your friend.  Rents are high and increasing quickly, although they’re still not quite where they were before “The Great Recession.”  Thanks to Miller, Samuel Inc. for the data.

Line chart showing the increasing median rent in manhattan vs a dropping median sale price

And for you data buffs that want to explore the relative changes between sales and rentals, here’s another way of looking at the data with different scaled y-axis.

Sales and Rentals - Median Prices 2007 through 2012