Real Estate

Manhattan real estate prices reach new record with buying ‘frenzy’

0


Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York.

Michael Nagle | Bloomberg | Getty Images

Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to new reports.

The median resale price for Manhattan apartments hit $999,000 in the second quarter — the highest on record, according to a report from Douglas Elliman and Miller Samuel. Average sale prices rose 12% in the quarter, topping $1.9 million.

The price jumps and shrinking inventory suggest that the Manhattan real estate rebound continues to gain momentum,…



Source cnbc.com

Chinese electric car start-up Li Auto delivers more than Xpeng in June

Previous article

Stock futures little changed ahead of key June jobs report

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Real Estate