Source: CNBC —
Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new sales data.
There were 3,585 sales in the first quarter, the highest number ever for a first quarter, according to a report from Miller Samuel and Douglas Elliman. That’s up 46% from the first quarter of 2021. Total sales volume surged by 60% to over $7.3 billion, as falling inventory also led to continued growth in prices.
The average price of a Manhattan apartment jumped 19% over the previous year’s period, to $2,042,113.
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