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NEW YORK CITY-Although home sales have dropped nationwide,apartment sales in Manhattan has grown stronger this summer. Medianprices and the total number of apartment closings have increased inManhattan.

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Median home sale price in July was $900,000 in Manhattancompared to a national median sales price of $182,600. Followingthe termination of housing tax credits, existing homes sales acrossthe country dropped sharply by 27% in July, but it had less of animpact on the Manhattan market. For the full story, go toWall Street Journal.


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