NEW YORK CITY-Although home sales have dropped nationwide, apartment sales in Manhattan has grown stronger this summer. Median prices and the total number of apartment closings have increased in Manhattan.
Median home sale price in July was $900,000 in Manhattan compared to a national median sales price of $182,600. Following the termination of housing tax credits, existing homes sales across the country dropped sharply by 27% in July, but it had less of an impact on the Manhattan market. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
