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 fbShare Tweet 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 We're revamping our Comments section. Learn more and share your input.