Real Estate

Manhattan apartment discounts may be ending soon as sales soar 73%

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A man enters a building with rental apartments available on August 19, 2020 in New York City.

Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images

Sales contracts in Manhattan soared by 73% in February, and brokers say the days of big price cuts and deals in the city may be ending.

There were more than 1,110 sales contracts signed in February, up from 642 in 2019 and marking the third straight month of year-over-year gains, according to a report from Douglas Elliman and Miller Samuel.

After seeing historic declines in deal volume in 2020, as hundreds of thousands of people migrated from the city to the suburbs and other states, Manhattan’s real estate market is bouncing back more…



Source cnbc.com

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