In Manhattan during the second quarter of 2022 apartment sales increased 9% and the average sales price increased 3% compared to Q2/2021.
In Manhattan during the first quarter of 2022 the residential real estate market thrived. Apartment sales increased 36% and the average sales price increased 17% year over year.
Sotheby’s International Realty reports that 2021 was the most active year ever in Manhattan residential real estate. Apartment sales increased 89% from Q4|2020. The average sales price market wide increased 6% year over year.