Manhattan real estate brokerages say the apartment sales were up this past quarter, but prices were flat. The NY Times reports their "reports showed that there were 80 percent more transactions" in 2010's second quarter, versus same period in 2009, and "15 percent more than the previous quarter of this year, a return to historically normal levels after a virtual standstill early last year. But even though brokers are reporting much heavier traffic at open houses and bidding wars on certain properties, prices have not rebounded." Corcoran's Pamela Liebman finds the glass half full, "Buyers are getting a lot more for their money, and they’ve jumped back in and are taking advantage of it." The average sale price is between $1.34 million and $1.43 million; the median is around $899,000; more numbers at Curbed.
More Manhattan Apartments Sales During 2010 Q2
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