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Manhattan Lags With Suburban Shift Fueling Region’s Home Sales

  • Areas outside the city saw a surge of contracts in July
  • Many New Yorkers have left the city to ride out pandemic
Manhattan As U.S. Stock Futures Advance On Virus Breakthrough Optimism
Photographer: Michael Nagle/Bloomberg

New York area home shoppers were in a buying mood last month. Everywhere, that is, except Manhattan.

Sales contracts for homes across New York City’s suburbs -- and even Brooklyn -- surged in July, the first full month after in-person property showings returned after a prolonged lockdown.