NEW YORK-Condominium prices in the Manhattan area are increasingday by day showing signs of recovery in the realty market of NewYork. Price of condos increased by 6.7% to $1,017.49 per squarefoot in the month of May compared to that of the previousmonth.

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Manhattan sales activity witnessed an almost 100% increase inMay after a major drop in 2009. Condo prices in the FinancialDistrict increased by 35.7% from that of 2009 to $868.70 per squarefoot.For the full story, go to Wall Street Journal.

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