Real Estate
Manhattan Homebuyers Send Sales Soaring to Best in Three Decades
- Shoppers acting fast, paying more as Covid discounts evaporate
- Recovery boosting optimism, sense of safety in the market
This article is for subscribers only.
Manhattan apartment sales surged to a record in the third quarter as buyers grabbed what they could while inventory remains high.
Closed purchases totaled 4,523, the most for any quarter in data going back to 1989, according to a report Tuesday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. The median price of all properties that changed hands climbed 1.4% from a year earlier to $1.12 million.