Real Estate Manhattan condo prices see rise despite increase in inventory: Report Condo prices in Manhattan continue to rise. Photo Credit: Getty Images / Craig Barritt By IVAN PEREIRA email@example.com @IvanPer4 August 28, 2014 7:11 PM Print Share Share Tweet Share Email The Manhattan condo market saw a spike in the number of available units and prices in July, according to a real estate report released Thursday. StreetEasy's report said the despite the 5.4% growth of inventory between July 2013 and this year, the number of available units is 16.2% below the five-year average level of inventory. Costs are now at a nineteen year high. The median sales price in July was close to $1.4 million, a 14.4% jump from the $1.2 million median price during the same period last year. The real estate site's last report found the average asking price for condos and co-ops during the second quarter of 2014 was $1.24 million. Home hunters looking to get a bargain on those units will have to save up. StreetEasy's latest report said 45.3% of the units listed in July were priced above $1.9 million and only 23% were priced below $914,000. Greenwich Village had the highest median sales price last month with $3.3 while Chinatown had the lowest with $500,000. The real estate group predicted that this price increase will continue until the fall. By IVAN PEREIRA firstname.lastname@example.org @IvanPer4 Ivan has been a staff reporter with amNewYork since May 2012 and covers breaking news, politics and enterprise stories. Share on Facebook Share on Twitter Comments Comments section is temporarily on hold. Here’s why.