Real Estate

Manhattan residential real estate sales hit record $7.3 billion in first quarter

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Luxury high-rise apartments are viewed across Central Park South near Columbus Circle in the Manhattan borough of New York.

Robert Nickelsberg | Getty Images

Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new sales data.

There were 3,585 sales in the first quarter, the highest number ever for a first quarter, according to a report from Miller Samuel and Douglas Elliman. That’s up 46% from the first quarter of 2021. Total sales volume surged by 60% to over $7.3 billion, as falling inventory also led to continued growth in prices.

The average price of a Manhattan…



Source cnbc.com

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