Real Estate

Manhattan real estate reaches record-breaking $30 billion in sales


Manhattan real estate posted its best year ever, rebounding from the pandemic with a record $30 billion in deals, according to real estate reports.

More than 16,000 contracts were signed to reach the $30 billion total — both breaking records, according to a report from Corcoran. Many had thought the market would never return to pre-pandemic levels given the population losses, rising crime and high taxes, but many metrics are at or near 2019 strength — with bidding wars and falling inventory.

The strength shows no signs of slowing in 2022. Fourth-quarter sales volume of over $6.7 billion marked the best fourth quarter in at least 32 years, according to a report from Miller Samuel and…


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