2008_07_apttiny.jpgSomehow, in spite of the faltering economy, brokerage firms say second quarter apartment sale prices were about the same or maybe even slightly higher than in the first quarter--though sales were down 22% versus 2007's second quarter. The NY Times noticed, "Strong luxury sales and faltering studio sales had the perverse effect of catapulting the median price — the price of the apartment exactly in the middle of all sale prices — to a record. It was close to or slightly above $1 million..." Brokers are also cautiously optimistic that the NYC real estate market won't fall as they have in other parts of the country.