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.
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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