Manhattan Real Estate Prices Reach New Record With Buying 'frenzy'

by cnbc.com posted 4weeks ago 11 views
The price jumps and shrinking inventory suggest that the Manhattan real estate rebound is continuing to gain momentum. : Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to new reports. The median resale price for Manhattan apartments hit $999,000 in the second quarter — the highest on record, according to a report from Douglas Elliman and Miller Samuel. Average sale prices rose 12% in the quarter, topping $1.9 million.

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